Someone can only make a profit (in dollar terms) off Bitcoin, if someone else makes a loss (in dollar terms) off Bitcoin

People seem to think that Bitcoin just magically generates dollars out of thin air.

In reality, someone can only make a profit (in dollar terms) off Bitcoin, if someone else makes a loss (in dollar terms) off Bitcoin.

This "anyone buying crypto is going to win" stance is just inherently wrong.

The "well, anyone who buys and holds will win" is also something that's not guaranteed to happen. It's only true if more people keep putting more money into Bitcoin, but there's no law of nature that says that will happen. Bitcoin doesn't just inherently becomes more valuable over time, in dollar terms.

Yes, Bitcoin has performed incredibly well in the past, but that doesn't prove that it will in the future. There's an endless amount of stocks and bubbles that did very well up to a point, and then they didn't.

submitted by /u/PrettyText
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