What are we talking about exactly? You say Bitcoin "has become a cult" and mock the idea that it will "go up any day now", except, it has done just that.
If you are jumping into it this year, then you have experienced losses, so far, but that only matters if you are thinking short term. If you invested even two years ago, you have done nothing but gain value.
If you believe Bitcoin is bad because it has gone down, then what are you going to say if it goes back up again and exceeds its previous level? That's what it has done every single time so far.
If you are just jumping in to make a few quick bucks before you jump out, and you fucked up your timing, then that's not a flaw or problem with Bitcoin. You are gambling like any other day trader.
If you bought Chipotle in 2010, you would have done nothing but gain, just like Bitcoin.
What are we talking about exactly? You say Bitcoin "has become a cult" and mock the idea that it will "go up any day now", except, it has done just that.
If you are jumping into it this year, then you have experienced losses, so far, but that only matters if you are thinking short term. If you invested even two years ago, you have done nothing but gain value.
If you believe Bitcoin is bad because it has gone down, then what are you going to say if it goes back up again and exceeds its previous level? That's what it has done every single time so far.
If you are just jumping in to make a few quick bucks before you jump out, and you fucked up your timing, then that's not a flaw or problem with Bitcoin. You are gambling like any other day trader.