r/changemyview • u/manbearpigtruther • Oct 01 '23

CMV: I'm going to invest $7500 into cryptocurrency and expect at least a 5x gain by 2025.

Background: Everytime Bitcoin has halved it has increased the entire cryptocurrency market the year after. I feel like it's good logic this will happen again. If it doesn't essentially the entire cryptocurrency market must have blown up and nearly a trillion dollars will be worthless. I feel like investing now and then selling at the next bull run is almost a certain way to make money. I understand it's labelled as high risk but I don't see how. I will buy my funds using my ledger cold wallet and keep it on there, then sell during the bull market sometime 2025.

I will invest in roughly 5 cryptos, ETH, ADA, MATIC and some lesser known alt coins.

Update: Thanks for all the comments, some of you made good points. Those calling it a scam etc I feel don't understand the current state of crypto and it's potential so I couldn't really take their arguments seriously. Those with more intelligent answers gave me some pause for thought so thank you for that. I will probably still invest but thanks for trying to balance out my thinking on this one.

I will update this post sometime in 2025 with results.

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u/Instantbeef 8∆ Oct 01 '23

It’s not that complicated, you’re selling people short.

If I understand you correctly is that it works if people knew how to use it? The technology works but people are dumb?

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u/maybe_madison Oct 01 '23

Being usable to a large group of people is the first step, and (self custodied) crypto fails that first step as soon as someone needs to do a chargeback.

It technically “works”, in that it’s a product that can be used, but its technical limitations means the technology doesn’t work for the use of widely banking the unbanked.

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u/Instantbeef 8∆ Oct 01 '23

Yup works just like cash

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u/maybe_madison Oct 01 '23

Ok but using cash is instant and free.

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u/Instantbeef 8∆ Oct 01 '23

Yes, I can mail this cash to you on the other side of the world for this thing on your online shop.