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Good call! Nearly all the 'myths' are busted. Ahahahah
  1. Bitcoin isn't really scarce
  2. It has a utility problem
  3. There's a low barrier to entry
  4. Few (if any) tangible means to value bitcoin
  5. Fiat currencies may work on blockchain
  6. Blockchain is years from being mainstream
  7. Fraud/theft is a serious issue
  8. There's no regulation
  9. The tax situation is a nightmare
  10. All bubbles eventually burst
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There's no regulation
Hahahahahaha! What a dope.
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To be fair, I am starting to think that calling Bitcoin an "investment" is not the right use of the word.
In either use case of bitcoin, SOV or MOE, we would not call it an investment. We typically do not say that people "invest in gold" or "invest in the US dollar". People speculate on its price, but it is not an "investment" because it doesn't produce streams of value. I think this nomenclature is why so many tradfi folks get tripped up on Bitcoin, because they evaluate it through the lens of a traditional "investment" when it's not.
But that doesn't mean you shouldn't hold Bitcoin, just as it doesn't mean you shouldn't hold dollars or gold. In terms of Bitcoin, the speculative value is indeed very high because of its strong underlying characteristics as both a MOE and SOV, while adoption is still low. It also has inherent utility for some use cases, especially since it is a portable asset that's hard to confiscate and easy to move internationally. Just as it's wise to hold some fiat (e.g. for emergency spending), even though it's not a productive asset, it's also wise to hold some Bitcoin for the reasons listed above.
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21 sats \ 0 replies \ @jgbtc 2 Aug
The concept of saving, setting aside money for the future and not investing, is completely foreign to most people at this point. That's why bitcoin is like alien technology to them. They can't figure out what to do it.
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Needlessly Pedantic Man approves of this message.
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Bitcoin has multiple functions People have different priorities
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While they have proved wrong on every count, they must come up with an apology post if they are honest to journalism.
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lol I been using medium to expose motley fool. I been running an experiment showing that just buying bitcoin outperforms the stocks the suggest. I update it every quarter. This was my last update
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This is excellent! I'm going to share it with my boomer friends. Motley Fool is like a religion for some people.
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Thanks! I was offered their product through a promotion so many years back. I am going to run this for 10 years to provide more proof that bitcoin is for saving!! Not the damn stock market.
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deleted by author
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Motley Fool rode of a wave of digitization and just had the wherewithal to never sell their winners. This allowed them to have absolutely massive gains in Amazon, Netflix, Nvidia etc and have sold subs off of that for the last 20 years.
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I have friends who paid for those subs and thought they had found the holy grail.
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64 sats \ 1 reply \ @grayruby 1 Aug
It was probably well worth it in the early days. Now they have a bunch of different people trying to pick the next nvidia and trying to create content for the subscribers.
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1997
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They became famous in 1997 or 1998
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64 sats \ 0 replies \ @OT 2 Aug
I remember this one.
Its fun to look back sometimes. I wonder if they have come around yet.
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Isn't it like the name they have, they have only hired 'fools'. Also, for Bitcoin news, I dont think that we got any real website in the MSM.
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I like this at the end.
  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $338,864!*
  • Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $303,388!*
  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $41,963!
Just checked something.
  • Bitcoin: if you invested $1,000 in 2014, you'd have $648,446!
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reminds me of that saying. A fool and his money are soon parted!
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I never thought Motley gave the best advice. There were a few articles that were good, from this samurai sam guy.
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I used to read his newsletter and podcast
Here is the gist: buy real estate in San Francisco and Hawaii
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He was also big on dividend and growth.
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That didn't age well, besides why would you trust a fool? :-) It's right there in the name...jeez...
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Are fools allowed to share advice on Earth? If they are, that's the worst of all things I've witnessed in my short stay here. This is even less than a piece of crap. I challenge them in the name of their God to do hell with their advice and live in ultimate ignorance.
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10 Reasons Bitcoin Is a Terrible Investment
Some point is totally abuserd here. This is totally bullshit. Although some is valid reason Overall I think bitcoin is good investment. What do you guys think comment below
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.