Quote:
Originally Posted by JohnnyHammersticks
So when someone buys IPO stock for $5/share, sells it to me for $10/share, I hold it for a few days and sell it to someone for $15 dollars/share, and that person holds it for a few years in a retirement account and sells when it hits $20, who's the loser? And you could insert "bitcoin" for "stock" and just change prices. And it doesn't have to be an IPO, just did that for simplicity.
In trading, the myth that for every winner there has to be a loser is just that - a myth.
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Bitcoin has been more volatile than any mutual fund ever has been given the time period. The stock market also has a track record over a hundred years and has been shown to significantly increase one's worth over an extended period of time of investing.
When I knew people "investing" in Bitcoin last year, who were just shitty with their money, and had no idea about future financial planning I had to laugh. You could even see some of that on this board. You rarely meet someone throwing money at random stocks without a decent grasp of finances. Bitcoin is more or less gambling for many.
https://www.chiefsplanet.com/BB/showthread.php?t=311473