Replying to Avatar Diogenes the Cynic

Here's the problem with everything you just said: Investments are valuable. If you spend more than a commodity is worth, it has to catch up to the price you paid for that investment. Exchanges these days charge an arm and a leg for their services. Your Bitcoin doesn't become as valuable as the money you traded for it until the price reaches the original purchase price PLUS fees. This problem is compounded on a dip.
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Paul 1y ago

If you’re time preference is low enough, the fees are rounding errors.

₿itcoin is wealth preserving technology.

If you want to preserve your wealth for 10, 100, 1,000 years, this is the asset for you.

If you want to gamble for quick fiat returns then there are 180 fiat currencies and 20,000 shitcoins to lose your wealth with.

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Diogenes the Cynic 1y ago

Bitcoin may be "wealth preserving technology", but if obtaining it makes you broke it's not very effective at the intended goal. How much does coinbase charge on transactions under $1000? How about cashapp? What do other exchanges charge? Rationality doesn't get thrown out the window quite yet.

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Paul 1y ago

Have you tried Strike for stacking?