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points by glimshe 6 hours ago | 0 comments

Sure, but you could also have used this dollar to buy oil, gold, stocks, bonds etc

[–] method_capital 6 hours ago

Sure. Since the invention of say Bitcoin, which of those assets would you have preferred to own and why?

[–] nl 6 hours ago

> Since the invention of say Bitcoin

Convenient date to pick there.

> which of those assets would you have preferred to own and why?

NVDA.

It's a productive use of resources, not a last-fool-standing pyramid scheme.

[–] rozap 6 hours ago

hindsight is the best hedge fund

[–] echoangle 6 hours ago

You know that you can’t just judge an investment by past return, right? Would it be rational for a lotto player to tell you how great lotto is as an investment? Or people winning at the casino? Success doesn’t mean it was the rationally optimal decision.

[–] anonym29 6 hours ago

Compare a purchase of any commodity, bond, precious metal, or ETF/mutual fund in 2008 to BTC's performance since 2008. Or 2009, or 2010, or 2011, or 2012, or 2013, or 2014, or 2015, or 2016, or 2017, or 2018...

[–] joshuahedlund 5 hours ago

It’s a bit cherry-picking, but right now BTC’s 5-year growth is 28% while the S&P is 67%.

To be fair bitcoin’s initial years were extraordinary. By any metric you use though the rate of increase has clearly slowed.