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Bitcoin

Most people still don't understand what Bitcoin is and how it works, and it will be a while before they do. When the Internet became popular about 20 years ago, many people didn't see the point of having e-mail because they didn't know who had it and who didn't. Bitcoin and crypto are the same stories. Bitcoin's approval is growing, even in the middle of a bear market, and that's important. Bitcoin has seen many ups and downs in its nine years of existence, but it has always kept moving forward, unlike other bubbles. I believe in Bitcoin, so I will continue to trade it at https://****************.com/why-following-crypto-signals-is-it-good-idea . And I will invest in it.
 
Cryptocurrency is one part of a bigger bubble: stocks, derivatives, etc. Many more people will be broke and ready to do anything for money.
 
Chernosoth said:
Cryptocurrency is one part of a bigger bubble: stocks, derivatives, etc. Many more people will be broke and ready to do anything for money.
Click to expand...

I'm no economist, but trading in a currency which has no backbone, no stability, and no form sounds like an accident waiting to happen. At least stocks and shares are tied into something tangible (a trading company) and real estate and gold are real commodities which cannot be faked or reproduced. Bitcoin always seemed to me to be in 'existence' solely to speculate upon. = Bubble.:eek:
 
jarigi said:
I'm no economist, but trading in a currency which has no backbone, no stability, and no form sounds like an accident waiting to happen. At least stocks and shares are tied into something tangible (a trading company) and real estate and gold are real commodities which cannot be faked or reproduced. Bitcoin always seemed to me to be in 'existence' solely to speculate upon. = Bubble.:eek:
Click to expand...

Crypto has defined scarcity. Fiat currency is subject to unlimited dilution.

In the US, the M1 was inflated* by 20% this past year. It may not be reflected fully yet, but $1 set aside last year is worth 80 cents.

*This, BTW is the true definition of inflation.
 
Me and a geek bud read Satoshi's white paper and read about Hanyecz's pizzas in 2010 and bragged we'd both buy some bitcoin if 1 ever equaled 1 USD.

In 2011 it did and we both bought $250 worth each.

When 1 bitcoin equaled $100 USD, my bud was sure its peak had been reached and wanted to sell, so I happily bought him out.

Ah, the good old days.

Today bitcoin has been so berry, berry good to me I'd hesitate not a sec to even toss Zumi a few sats after he tongue shines my Oxfords.
 
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