Bitcoin has underperformed S&P500 over the last 5 years now - is it dead dead?

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is it dead dead?

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Oh yeah, THIS time it's for real guys! Seriously please listen!

LINK

This thread is a buy signal

It has not. But after studying bitcoin for years I have learned that was never the point

I think everyone’s made up their minds, and the only ongoing conversation is generated by social engineering bots.

Go look at any article on the topic that allows comments. In a matter of a couple days you’ll notice it’s worse than YouTube. Hundreds of accounts that are reposting the same responses whenever it identifies a keyword anywhere on the internet.

Here’s one that always stands out because of its length and specificity.

“With crypto, there’s a mental “ping-pong” going on. The focus constantly shifts back and forth between the supposed investment (blockchain) and the supposed currency (crypto). Whenever someone starts to focus on one, the conversation is redirected to the other. If the diversion itself becomes the focus, it shifts back again.
This back-and-forth keeps potential victims from asking simple, critical questions:
How does something that is unlimited in supply, consists only of alphanumeric virtual character combinations, and is inherently worthless become an investment?
If there is nothing to mine, how does a software code-breaking game create fake coins?
If the fake investment is already generating “superior” fake currency, why do perpetrators need to sell the fake investment at all?
Why don’t the perpetrators spend their own “superior” fake currency?
Why would perpetrators accept inferior real currency in exchange for “superior” fake currency?
Eventually, people start to realize the “mental ping-pong” is intentional. The fake investment is used to justify the fake currency, and both serve as mental misdirection to extract real cash from victims.”

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I’m sure you totally expected it to underperform stocks over a 5 year stretch back in 2021…

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I'm well aware of the patterns and 4 year cycles it goes through. That's what's' even more shocking from people that do hold a significant amount of it....this downturn is completely and utterly expected. Why is this a surprise?

Btc was heavily inflated post covid. It needs to go back k down to 20-30k

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Sure you can’t make it out of thin air

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I thought that is exactly how new bitcoins are made.

They don’t say diamond hands for nothing. Check back in 10 yrs.

What’s the trough this time?

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What’s the point of 3-4x more volatility with less than market-level returns?

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Risk premiums live! Or should.

This is always in back of my mind when listening to all the “I can beat the indexes” mindsets out there (risk adjusted after tax returns - worth all that extra risk?). Suspect some are taking wild ride to beat market indexes, unnecessarily (in my way of thinking).