Wednesday, 28 November 2018

Bitcoin: Everybody Gets What They Want

"Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money." - Ed Seykota
Because someone has to say it: Bitcoin and all its securitized mutations are designed to facilitate the transfer of capital from less intelligent people to more intelligent people. None Left Behind policy means this transaction can be done in less than one ten-thousandth of a bitcoin.

Below: Annual relative performance for some of the more popular bitcoin derivatives: BTC, GBTC, BCII, LBCC, LFIN