It&#x27;s this kind of thing that makes me see just how ignorant people actually are about this subject. You have this neat little label you&#x27;ve put on the box and you&#x27;ve never actually done the necessary research to see if your label fits, you heard a headline somewhere, laughed about it and threw it in a mental sock drawer.<p>Even at a casual glance, your statement is flatly wrong; the peak of the last BTC bubble was 2013-11-30, 1163 USD, a couple months later that bubble had deflated to 826.40 USD, a loss of just over 29%. In the last 20 years, the USD has lost 31.38% of its value, so no, a 29% is not &quot;much worse&quot; than a 31.38% It has rough parity, if we want to get pedantic about it, over the two periods you nominated, the USD actually technically did worse.<p>But throwing aside that shallow criticism that you happen to be flatly wrong because the statement you made is technically incorrect, and instead focusing on how one would assuage the sense that one had made a bad investment purchasing at that particular point in time, I would say the same thing to them that I would have said to those that had bought at the peak of the bubble prior to that at 220 and then saw a price collapse to half before stabilisation, and then onwards to the only bubble price you&#x27;re dimly aware of from your shallow knowledge. Or the same thing that I would have said to the people that bought at the peak of the bubble prior to that at 30, which then collapsed down below half before proceeding on to 220 and etc, and that is<p>&quot;That&#x27;s how markets work, and if the trend follows and the next time it quadruples the previous high you will be the one talking about how you got in for a steal at 1163 to people who bought in near a peak of 5000 assuming the trend continues, and so on, and so forth&quot;.<p>What I&#x27;ll say to the person who is all in on fiat currencies over the next twenty years though, is that if everything goes according to plan, they will be subject to the exact same devaluation that the person in their situation was twenty years ago, and that&#x27;s the optimistic projection. The pessimistic projection is a lot less rosy, and involves a massive sovereign debt bust and the collapse of fiat currencies and the corrupt world central banking apparatus, all expenses paid courtesy of your shallow, misplaced faith in the benighted institutions of the modern status quo.