Quote:
Originally Posted by afc wimbledon
Its weird to be having a conversation about BTC and its value as a currency and then using this as a reason to see it as an investment, the two are wholly unconnected
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You keep banging this drum and I'm not sure why.
We don't know what BTC will become. Is it something to hold? Something to use as currency? We truly don't know.
A year ago nobody really looked at the idea of a Satoshi as being valued at anything. Now that might become a reality.
Again, this is something that is creating the market while its being pumped, while blockchain is being developed, while its primary use has been black market dealing, while financial institutions are deciding whether to jump on board, while there is a lot of speculation, etc, etc, etc.
I think you'd have to be pretty ignorant to not see the potential. Maybe not BTC, but the idea in general.
I feel like BTC is just the first mover, but the fact that 20% of the coins are unrecoverable is a big issue.
There are other cryptos as well. Ethereum has had a very good year as an example.
Would I bet my life savings on them? No, but I think if you can afford to invest a small bit of money you might get a comfortable return. Long-term however I don't know if it will be an everyday currency or something like gold.
Which is why I find the position you and jammies are taking on this pretty amusing. You're acting as if you KNOW what it won't be, while the rest of us say it could be this, could be that.....why not let it run and see? The overall benefit of what it COULD change is a massive positive for most of the world.
For someone like yourself who loves to rail against the evil USA and their evil empire that controls the world, it sure is strange that you don't jump all over the idea of a cryptocurrency to act as a hedge against the US dollar.