[OSKAR]

What does that have to do with anything?

It's no secret that a month ago bitcoin hit an all time high $19k only for it to drop to $14k then for it to rise again to $17k last week and then back down to 13k a week later. That's a 4k fluctuation each week and that's what volatility means. People living on 'mansions and shit' does not mean that they are smart investors nor that bitcoin is the way forward. They just got lucky, as if the won the lotto.

Your exposure on bitcoin's price is enormous anyway you slice it. Now, talking volatility in stock market terms, yes, there are some stocks who's price flactuate alot but then again the price per unit is a 1000x less than that of a bitcoin (as high volatile stocks are startup companies). If you want to spend thousands to purchase a single stock in the stock market, then you are looking at blue chips that more or less have stable returns. When investing in the stock market no one goes all out and invests on volatile stocks. They include these stocks in a portfolio and then diversify the risk through fixed income instruments and other alternatve investment instruments (that have low correlation to stocks). That is smart investing.

Bitcoin is just a shithole. You spend 14k to buy today and may already be 4k short by tommorow. This ain't investing...its gambling

PS: No other cryptocurrency will reach the levels of performance that bitcoin did simply because there are to many out there now. This means, that people will try to invest in the next bitcoin (every person investing in to a different crypto) rather than draw all of this demand/attention into a specific one (which will lead to a hge price increase).

[OSKAR]

What does that have to do with anything?

It's no secret that a month ago bitcoin hit an all time high $19k only for it to drop to $14k then for it to rise again to $17k last week and then back down to 13k a week later. That's a 4k fluctuation each week and that's what volatility means. People living on 'mansions and shit' does not mean that they are smart investors nor that bitcoin is the way forward. They just got lucky, as if the won the lotto.

Your exposure on bitcoin's price is enormous anyway you slice it. Now, talking volatility in stock market terms, yes, there are some stocks who's price flactuate alot but then again the price per unit is a 1000x less than that of a bitcoin (as high volatile stocks are startup companies). If you want to spend thousands to purchase a single stock in the stock market, then you are looking at blue chips that more or less have stable returns. When investing in the stock market no one goes all out and invests on volatile stocks. They include these stocks in a portfolio and then diversify the risk through fixed income instruments and other alternatve investment instruments (that have low correlation to stocks). That is smart investing.

Bitcoin is just a shithole. You spend 14k to buy today and may already be 4k short by tommorow. This ain't investing...its gambling

PS: No other cryptocurrency will reach the levels of performance that bitcoin did simply because there are to many out there now. This means, that people will try to invest in the next bitcoin (every person investing in to a different crypto) rather than draw all of this demand/attention into a specific one (which will lead to a hge price increase).