Quote from: larry_vw_1955 on Today at 05:32:09 AM

Quote from: franky1 on Today at 01:11:26 AM

i do laugh when i see people being swayed by idiots to abandon bitcoin for an inferior coin/token/network that has no proof of work and no underlying cost mechanism to support the value.. but they dont wanna hear that

i mean franky don't expect to sit on your rear end and become a millionaire without lifting a finger. the world is not that simplistic. that's another thing about bitcoin that i don't particularly care for is how i think it encourages laziness. people just want to sit back and become a millionaire as though it is owed to them just because they bought some bitcoin... Shocked

now, if it's part of their overall investment strategy and diversification plan to set themself up financially over the longterm then that's respectable. but not just yoloing into something thinking you don't need to work you can be lazy and bitcoin will take care of you.

yet you have in recent months been idolising the staking prospect of ethereum.... have you not realised the reward rate of ethereum staking is far less than 200% per 4 years

anyways lets take ethereums 3.56%/year 'profit' (15% over 4 years cumulatively)
even my basic fiat bank account offers 4.2% which over 4 years is (17.88% over 4 years cumulatively)

the stock market averages 8% a year (36% over 4 years cumulatively)
so just hoarding bitcoin which per 4 year cycle has and will be better than inflation and other assets.. will pay off just hoarding

bitcoin by its many factors(you should learn about) is and will be deflationary for everyone alive today life time
(as long as there is no large bug that kills bitcoin)

you need to really understand the many factors of bitcoin economics to realise why even the most highly paid economic strategists of wall street have even bothered to invest billions in labour and research and operating budgets to get things like the ETF's activated and operating

...

yes diversifying to not have all eggs in one basket is safe legit advice, yes the future is a unknown path where bugs can happen or other world atrocities or economics take over.. but thats long term investment risk of anything
the current scope of the nearest 2 decades+ shows that calling bitcoin a dying horse this year is far from the truth, its still young and the risk level of hoarding for 4-20 years is far less risk than what you keep implying. 2024 is not a death note, condolence card, its a teenagers birthday card