Ticco wrote: ↑Nov 13th, 2017 7:48 pmExcept that Apple and Amazon are matured after 20+ years. That chart should also include AOL and Pets.com at their peak.
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.
Nothing is a for sure thing, nobody is saying that, just retorting to people who are still calling crypto a ponzi scheme.
The point of the chart is to show you how early on we are in crypto currency. As with anything new, there is volatility. That volatility levels out overtime as the market cap grows bigger.