Quote from: Dr.Bitcoin_Strange on Today at 12:01:18 PM

Quote from: BitGoba on July 09, 2025, 09:42:36 AM

Sometimes the craziest bets pay off jIt’s like when someone held onto Bitcoin back in 2010 or 2011, not fully sure where it was headed but trusting the process anyway. Most of the time, those long shots don’t work out, but when they do, the payoff is insane. Betting on the “impossible” can sometimes be the smartest move, even if it’s just for fun.

The chance of crazy bets paying off is very low, and you don't have to compare Bitcoin which is an investment to gambling that is not an investment. Speaking of someone that held unto Bitcoin since 2010 till now without being sure about the future, how much was Bitcoin worth then? Not even up to $1 per Bitcoin and mostly some people were still mining and getting so many Bitcoin for free and some people too were getting it from faucets, meaning they didn't spend a dime to get it. In gambling, you must spend your money and it's either you lose it or profit from that money.

Well, he just presented the situation as somewhat similar with gambling when btc was at its early days. For me, it was indeed like you were gambling in that asset because you have no idea that it will hit in the market after few years. You maybe did not spend any penny getting those free satoshis but you used some of your resources to acquire those satoshis, spending some money in the process. Who would have thought that btc market will go this large when it was like just digital play money in the old days?

AmoreJaz

Posts

Merits