Post
Topic
Board Bitcoin Discussion
Re: If you lost money on Bitcoin you either bought in the red or you didn't hodl
by
witcher_sense
on 24/08/2020, 07:09:59 UTC
And I kinda agree on that younger generations like our daughter, grandchilds will be the next generations that will highly consider bitcoin as a good investment in the future.
From bitcoin maximalist's point of view, future generations aren't going to consider bitcoin an asset to invest money in. It is simply because of the fact that bitcoin itself is money and will likely be used as money of the future to make investments in desired projects. Today, most hodlers aren't investing in bitcoin for profits, they are investing in future in which bitcoin is used as medium of exchange and unit of account. When it happens and bitcoin becomes both MoE and UoA, it will no longer be profitable, it will simply be. So, I would rephrase the statement made by OP, because if you didn't sell it and won't sell until bitcoin is recognized by future generation as common money, it doesn't matter at which price you bought bitcoin.