Is it really the best way to invest your money?
Forget best or worse, bitcoin is not even an investment. Bitcoin is a currency and as the only existing decentralized censorship resistant payment system it offers a lot of utilities for people all around the world and utility means intrinsic value.
value and values are two different terms.. the term with the 's' (values) is the utility and feature benefits. the term without the 's' is a financial measure
bitcoins values(features utility and benefit) have many.
bitcoins value (financial) is not just some random number. its actually based on cost. and due to mining and other things. it has less chance of 'going to zero' than many POS coins.
POS coins have little to know value and values. but POW coins have value. and in some cases of pow altcoins have values too. but bitcoin has the most of both
That's been the biggest problem newbies have been facing, bitcoin is advertised to them as an investment that will give them a lot of money out of thin air!
i agree its not money out of thin air. there is actually alot of economics going on..
yes advertising bitcoin as 'to the moon' and '$100k in 2021/2 or $1m by 2023 is silly exaggerated advertising that needs to stop. because thats just hyping up bitcoin and trying to promise long term possibilities as things that are (falsely) promised to happen short term
. but this is where people need to learn about the VALUE and not the PRICE.
i personally never care for the day-to-day price speculation. i prefer to look at the store of value window ongoing which moves up at a more steady pace.
EG the $4k-$20k window of 2018 now being the $30k-$70k window of 2022
we will not reach $100k in 2022 nor $1m by 2023, but those PRICES may happen in a more distant future. and bitcoin as long as idiots dont try tarnishing bitcoin utility to try offramping people to other networks. bitcoin has the better chance of achieving higher store of value numbers