Bitcoin has performed very well since it's inception against other asset classes, but now it is waning in price and I firmly believe that now it is under the control and influence of the big money cartels and whales that have now amassed the biggest portions of the pie, thus they can also manipulate and bend the price at their own will. It has been the best investment for the very early adopters and for those miners who made a lot of Bitcoin cheaply and for those who were clever enough to exit at the last PEAK of 20k and who now can buy in again at cheaper prices. It all depends on when you invested and when you sold.
This is exactly correct. The early adopters, maybe up until 2013, but even up until the end of 2016, if they exited at the end of 2017 would have seen the increases of hundreds of per cent and locked in those gains. They would have known what they were doing. People moving into bitcoin from late 2017 onwards, which probably makes up the majority of the complainers, are the ones sitting on a mounting loss, unless they stopped loss themselves which, by the sound of things, they didn't.
It's not just a long term game, you are right in that it totally depends on the timing as well. We will most likely never see the opportunities available to the pre 2016 adopters ever again as bitcoin is now wide into the open. It has now become a very volatile asset with high risks. There is still the potential for reward but even at the current $7000 I'd say, looking at the charts, that it's got more downhill to go first.
Would you agree?
