Quote:
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Originally Posted by SportingBD
Why do people buy bitcoin?
When they can’t/don’t understand why it goes up or down in value?
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Hahaha here we go again. We understand very well why bitcoin goes up and down ..we just can't predict where it will go. No one can. I am pretty sure I can defend both bitcoin bulls and bears.
But u my friend come up with the most out of the world reason ..from the left field.. as seen above.
"Rich ppl buying btc as a tax evasion and it's a safe haven" - I gave u a response that u probably should have written . How can an asset be safe haven when it has daily fluctuations as much as 50 percent? If u meant hedge against inflation please write hedge against inflation. U are the only guy here who pretends to know everything yet lacks basic understanding of market or warped understanding .
What exactly did u invest in last 10 years I would love to know. At least we take calculated risks and don't mock others who try.