Its not "Cherry picking" the video is from 2018 and obviously you would compare to the current price.
Also the whole "people have already lost a lot of money" argument is totally pointless since you do not think the people who made money are relevant so why should the people who lost money be? If all of crypto is totally useless as people here keep saying then its a zero sum game and no money is lost at all it just moved around. Could it be that the people who moved it away from them are at fault?
Anywhere outside of crypto we would blame the people for their stupid actions and not "the system" after all casinos exist and HN people aren't constantly talking about how it makes people lose money.
You picked two currencies that happened to have a big difference in value at these two points in time.
You are ignoring that a lot of people who bought BTC in 2018 sold it again in 2019 as it lost 50% of its value. Nobody could predict that the value would spike again a few years later, and crash again, and spike again, and crash again.
You are ignoring all the people who bought BTC at 40000 and are wondering if they should sell it at 60% loss now, or wait for it to rebound.
You are ignoring all the people who lost their money because the exchange that they used turned out to be a pyramid scheme.
You are ignoring all the people who bought altcoins that fizzled out, or that bought into the NFT craze or any of the other crazy schemes that crypto shills came up with.
People who do stupid decisions are at fault that has nothing to do with the picked time points.
>Nobody could predict....
Except that thousandth of people did and still does at least the people who are informed. Some day the up and down will end as it gets weaker every wave, its very much predictable.
BTC cycles have been ~4 year slightly growing a bit over time. If someone just randomly expect it to be just 1 year and then sells at -50%, its entirely their fault. To do that you have to be stupid twice once to buy without any knowledge about what they buy and then again after they spend a year not educating themself.
No one cheated them, no one defrauded them, no one tricked them into anything. Its 100% voluntary stupidity.
>That's why I am saying you are cherry picking.
I'm not, it wasn't my post, I just pointed out that the times aren't picked by the author but by the release time of the video. He didn't cherry pick a best case point in time either, in fact the video was made after the second large crash in 2018 and the price comparison to now (presumably also after the second large crash in this cycle) It seems very reasonable to point out that the price is still higher now than back then. In fact if you compare 2 points in time 4 years apart that it p much the perfect unbiased pick since the cycled go 4 years.
Also the whole "people have already lost a lot of money" argument is totally pointless since you do not think the people who made money are relevant so why should the people who lost money be? If all of crypto is totally useless as people here keep saying then its a zero sum game and no money is lost at all it just moved around. Could it be that the people who moved it away from them are at fault?
Anywhere outside of crypto we would blame the people for their stupid actions and not "the system" after all casinos exist and HN people aren't constantly talking about how it makes people lose money.