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<p>[QUOTE="-jeffB, post: 5390069, member: 27832"]Right, just a nice, smooth doubling over the past two years or so. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p><br /></p><p>[ATTACH=full]1231621[/ATTACH]</p><p><br /></p><p>Contrast it to gold, that "traditional store of value":</p><p><br /></p><p>[ATTACH=full]1231623[/ATTACH]</p><p><br /></p><p>BTW, isn't it great to see this chart confirming that, in terms of The One True Form Of Money™ (at least if you aren't a Free Silver Movement follower), the dollar has <i>precisely</i> held its value since late 2011?</p><p><br /></p><p><b>Past performance is no guarantee of future results.</b> <i>Of course</i> Bitcoin has been on an upward <i>trend </i>for quite a while -- <i>it literally started at zero</i> a little over ten years ago. Where will it be in another ten years? It could be at a million dollars, or a <i>billion</i> dollars, or zero. In 2000, nobody was using Bitcoin. How can we be so sure that anyone will be using it in 2040?</p><p><br /></p><p>Personal opinion: I'm pretty sure <i>some</i> form or forms of cryptocurrency will still be in use twenty or a hundred years from now, and I think there's a distinct possibility that they'll represent a majority of financial activity. I'm just not convinced any <i>one current</i> form of crypto is going to be a long-term winner. Meanwhile, of course, I've missed out on "doubling my money" over the course of a few weeks, and I strongly suspect it'll double again before long. But I also think there's a big dip coming, once enough of the current speculators decide to go chase something else, even <i>if</i> there aren't any black-swan attacks (on wallets or exchanges) to trigger an actual crash.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 5390069, member: 27832"]Right, just a nice, smooth doubling over the past two years or so. :rolleyes: [ATTACH=full]1231621[/ATTACH] Contrast it to gold, that "traditional store of value": [ATTACH=full]1231623[/ATTACH] BTW, isn't it great to see this chart confirming that, in terms of The One True Form Of Money™ (at least if you aren't a Free Silver Movement follower), the dollar has [I]precisely[/I] held its value since late 2011? [B]Past performance is no guarantee of future results.[/B] [I]Of course[/I] Bitcoin has been on an upward [I]trend [/I]for quite a while -- [I]it literally started at zero[/I] a little over ten years ago. Where will it be in another ten years? It could be at a million dollars, or a [I]billion[/I] dollars, or zero. In 2000, nobody was using Bitcoin. How can we be so sure that anyone will be using it in 2040? Personal opinion: I'm pretty sure [I]some[/I] form or forms of cryptocurrency will still be in use twenty or a hundred years from now, and I think there's a distinct possibility that they'll represent a majority of financial activity. I'm just not convinced any [I]one current[/I] form of crypto is going to be a long-term winner. Meanwhile, of course, I've missed out on "doubling my money" over the course of a few weeks, and I strongly suspect it'll double again before long. But I also think there's a big dip coming, once enough of the current speculators decide to go chase something else, even [I]if[/I] there aren't any black-swan attacks (on wallets or exchanges) to trigger an actual crash.[/QUOTE]
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