Member-only story
Should I invest in Bitcoin?
If you want to look at all the terrible answers, just look at how badly the ones in the past have aged.
There is someone comparing bitcoin with Cisco, thinking that there is some kind of similarity between technology stocks and a decentralized, custodial asset which can proxy as a medium of exchange. Bitcoin is anti-technology if anything. It’s the first of its kind, slower than any of the other coins that came after it, and isn’t anywhere near as flashy in its ability to do anything. There are no claims. It simply is. Whereas technology companies frequently tell you that they will change the world only to fall on their face when they are told to turn a profit. Not only is it not a comparison, but it is revealing insight into the knowledge of an author — or lack thereof.
You can instantly tell who doesn’t know anything they’re talking about.
Bitcoin has been an investable asset because society does not know what or how to value; when society does know what to value, they tend to experience the loss of all of those years in not valuing the asset — in other words, the price of the asset begins to skyrocket over smaller increments of time.
Bitcoin has been valuable since its inception. For those in the Slush Pool in 2011 like myself, we were experimenting in something that was the first of its kind. A lot of us transacted…
