Except that Apple and Amazon are matured after 20+ years. That chart should also include AOL and Pets.com at their peak.jcdogg wrote: ↑Nov 13th, 2017 1:53 pm
Bitcoin is the most secured global decentralized digital gold with really not much hurdle to start to invest in. It has real scarcity, only 21 million bitcoins will ever be minted by 2145. If you look at it compare to other assets around the world it is still very young, so investing now could potentially pay off big.
Crypto is here to stay - and Bitcoin might make it to 1 million, but you're pretty dumb if you throw down 100k into it and thinking it's going to turn into millions for you 20 years later. It might, but it might not. That's gambling.
In the short to medium term you're probably going to do well buy holding but no one knows how it's going to play out. Did anyone predict Apple when it was on it's deathbed to be the company it is today lol.
Throw down money you can lose.
Bitcoin has the brand power now - but that doesn't mean it will in the future.
The people who stand to make the most money from this are the people who know what they're doing. In my mind, once you or IF, you double your money you should take your original investment out and let the profits ride, learning how and when to take some profits along the way obviously. But don't just "invest" your savings into this thinking it's going to make you rich when you retire.