Ivo Shandor: Intrepid00: Lord Bear: So, let me get this straight.  Bitcoin makes a 40% gain over a month, and then doesn't make a new high for a week.  So bitcoin is dead again according to fark.

Only crypto nerds would think a 40% plus swing in less than a month is a good thing and not sign you should farking bail on it.

It's no worse than playing the stock market. Have you looked at TSLA lately? Up 80% YTD. Good money for anyone who placed their bets at the right moment.

/I was not one of them

Up 80% YTD is because Tesla crashed in December, so, in the past month, of course it rose a bit. It's not like Tesla just delivered some radical new product which shakes up the market or got a major military contract, but is instead a company whose market capital is vastly higher than its assets and all potential sales for more than a decade whose lunch is currently being eaten by all major American and Japanese car manufacturers. Sure, if you bought at the trough and sold at the peak (which would be now or close to), you could make good money, but if you bought at the beginning of April and sold now, you would have lost almost half your money (approx. $380 to approx. $195). In fact, if you bought any time before November, you would have lost money. Tell me again how that's a good investment?

As to crypto, it's fine as a commodity without any intrinsic value, but, much like Spanish postal coupons after WWI, it isn't a long-term investment, nor does it have a base price (it could spike to $100,000 or crash to nothing for literally no reason other than being a fad), nor is it an actual currency in any way, shape, or form. High volatility is a very, VERY Bad Thing for a currency, and that volatility is also the only thing crypto is selling to people who aren't trying hide their money from law enforcement or debt collectors.

/Nevermind the epic environmental cost.