LET'S SEE. ECOMMERCE FOR SOYCOIN DROPPED YEAR-OVER-YEAR AND CONTINUES TO BE ON THE DECLINE.

titus - your dude sold at 17, but realized 12k of it. IF he invested when it was worth something measured in the hundreds, he'd still have made a fat return

volatility basically ceases to matter on a long enough timeline

@Exilarch I SOUND CRITICAL. IN REALITY, I LOVE BITCOIN BECAUSE IT HAS ENABLED AN ENTIRELY NEW CLASS OF IDIOT TO EXPLOIT.

exactly

there was no way to predict the bubble when it was in the hundreds

there is no way to predict it

so? how do you proceed when you don't know the likely future?

there must be a way to do so

given that most of hte liquid currency is in it due to fucking drugs

@Death Strike's Bat THIS IS TRUE. HOWEVER, AS AN EXAMPLE, YOU CAN BE SOME NOBODY PENNY STOCK, ANNOUNCE YOU'RE DOING AN "ICO" AND SEE YOUR STOCK 240%+ OVERNIGHT.

with traceable transactions

your chance of a cash out is pretty fucking bad.

if you got in on the ground floor and now it's here, even losing 50% value between sell and actual cash received is still a huge price increase

so...

there's no way to know to get in on the ground floor and you wouldn't be able to cash out a large amount now

there are websites where you can use bitcoin to directly buy stock portfolios

1portfolio.com I believe

you can literally just straight swap your btc for stocks and bonds

how could you not turn around and sell those more liquid assets for cash

or, having made a gorillion percent return on your investment already, just set up a trust with stuff that pays you dividends and live off that forever

...exactly

this is what I mean when I say you are morally condemning it instead of strategizing how to succeed with it

most exchanges limit the rate at which you can cash out to something like 20k a month and you must cash out below the federal limit AND the limits in the countries where the exchanges are

oh no, only 20k a month

and having converted to that bitcoin and with financial records not being destroyed, you're best bet is not to invest at all

@Mother wait? you dont support bitcoin? but i know a bunch of lolbertarians who invested in it back in like 2014 and now have like literally thousands of dollars to buy hooch with.

people are diligent and people are smart. most people cannot cheat on on their taxes for years in a row as they will eventually catch you

who said anything about tax evasion? that is a non sequitur

you are now beginning to exhibit kettle logic

https://en.wikipedia.org/wiki/Kettle_logic

it is tax evasion as bitcoing transactions are taxable

it is not kettle logic

@Jossi TRUE. PEOPLE MADE MONEY BUT CAN THEY EXPLAIN HOW THEY MADE IT? IS IT A THESIS-DRIVEN INVESTMENT?

HOW DO YOU VALUE IT? IT HAS NO INTEREST RATE.

especially given that most bitcoins have been laundered

dont ask me qustions about money goddamnit all i know about money is what thomas sowell told me

basic economics ftw

LOL

@Jossi I WANT YOU TO READ SOMETHING. HOLD.

no, that's actually true. i read his book lke 6 years ago when everyoen was like OMG HE IS SO BRILLIANT