Comment on Retro StarCraft prizes
oneser@lemmy.zip 15 hours agoThis is what investing is though. No sane person would have bought Microsoft for peanuts in the early days and waited until today to have sold their first share. That’s when people get greedy and lose everything.
Bitcoin is very high risk, so your probably $7.8k profit should be seen as a huge win, regardless of what could have been.
Azrael@reddthat.com 4 hours ago
Bitcoin isn’t an investment though. Or at least, it wasn’t supposed to be.
People treat it like an investment because they don’t understand how it actually works. Then Altcoins became a thing, which are essentially just Bitcoin clones but with extra steps.
Ledivin@lemmy.world 2 hours ago
People treat it as an investment because it has historically grown in value at a rapid pace. It literally couldn’t matter less “how it actually works.” What matters is the likelihood that its value will increase.
Azrael@reddthat.com 1 hour ago
Exactly my point. People treat it like an investment for precisely that reason. But that wasn’t why it was created in the first place. Appreciating in value is a side-effect, not the main feature.