I’m not pretending Bitcoin is new. My comment was because of that fact. It’s the same old tired song and dance. Bitcoin goes up: “these idiot kids got lucky.” Bitcoin goes down: “about time those idiots learn their lesson! Bitcoin’s a scam!”
Bitcoin is undeniably volatile, but it is becoming less volatile over time and it continues to (on an investment period longer than a year or so) be a fantastic hedge against inflation.
Even if you buy stocks, the general consensus is that you should be looking at a longer timeframe to ensure you can handle any short-term losses.
> It’s the same old tired song and dance.
Yeah. "BTC Is an inflation hedge". Then BTC doesn't protect you from inflation. Then "Inflation hedge doesn't mean inflation or hedge, it really means..."
I'm tired of BTC community defining terms, and then redefining them when the statistics don't work out in their favor. I recognize that BTC community wants "number goes up", but just stick with that and be honest with yourself. Don't invent new bullshit terms for bullshit reasons that are discarded almost immediately.
> be a fantastic hedge against inflation.
Holy crap here we go again.