Quote:
Originally Posted by Roof-Daddy
What am I missing here?
It's an investment.
You can't buy a TV with stocks either, but you can sell the stocks for money and then buy a TV.
Same with Crypto no?
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This is what I think the problem is. Without purchasing power for everyday use, Bitcoin is essentially useless. Now people are calling it "internet real estate"? It's sort of more of a pyramid scheme. If you bought in early you are depending on others to buy in for more later. If you buy in later, for much more, you are hoping someone will pay MUCH MUCH more and so on.
The only way you get seriously rich is if you cash out. Crypto was touted as de-centralized but the funny thing is, is that it's so useless that you have to cash out in regular fiat to get rich.