Antifragile
Progress not perfection
FASTLANE INSIDER
EPIC CONTRIBUTOR
LEGACY MEMBER
Read Rat-Race Escape!
Read Fastlane!
- Joined
- Mar 15, 2018
- Messages
- 3,893
Rep Bank
$6,380
$6,380
User Power: 503%
That’s exactly what worries me about Bitcoin. As it becomes more of a “gambling” tool, this upswing may continue for a long time. But what is the “intrinsic” value? Is it a good storage of wealth or not? The limited coins design may imply “gold” but it clearly is not (as we now have multiple crypto currency). As a medium of exchange - thanks to Musk it’s getting better! But still, can’t buy a coffee or groceries at my local market, so no...Two close friends made very decent x10 gains on crypto the last year.
One guy 200k in and now around 2m (bitcoin).
The other 5k in and now around 200k (alt coin).
Yet stories like what you listed above are plentiful because value shot up. Now many rush in “to the moon”, thinking that no price can be too high. Wrong, there is always a price that’s too high. Just look at history of other innovative financial products. South Sea company example comes to mind. And yes, that is a very very old example.
I agree that blockchain has great potential and crypto has a great future, I’m trying hard to understand how to value the damn Bitcoin to decide how much and when to buy.
Not easy...
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today