21–30 of 45 posts
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Bitcoin is backed by same thing art is: scarcity, durability, transferability. Anything with these qualities will appreciate in value as wealth of civilisation grows.
Penny stocks are also scarce, durable and transferable...
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Money laundering and terrorist financing are two potential uses (risks) explored by the Financial Action Task Force in this report: http://www.fatf-gafi.org/media/fatf/documents/reports/Guidan...
Money laundering and terrorist financing can be done and is done with fiat currencies too. Bitcoin is also not a private coin, ledger is public and anyone can analyze the flow of money. The only private coin I know of is Monero (XMR). Analyzing Monero ledger is like looking at random data, there's no amounts, there's no receivers, there's no senders. Everything is fully, by default, encrypted. Even receivers can't kn…
bitcoin is nice because, unlike paypal, you don't get locked out have have to verify your phone and email and shit like that. as long as you have the private keys, you can spend anywhere
So tell me which is a better investment/store of value 9k money, at this moment?, without needing weeks of research and paperwork and fees, etc.
> Thought many mainstream finance pundits regard Bitcoin as a bubble, the market has not shown any signs of a so-called “blow off top," meaning a sudden and major reversal is unlikely at the moment. It is hard to take an article seriously when it is built on top of pseudoscience from Investopedia
All "knowledge" about investment in speculative instruments is pseudoscience. You can see it when you compare hedge funds with index funds like Warren Buffet did.
bitcoin is nice because, unlike paypal, you don't get locked out have have to verify your phone and email and shit like that. as long as you have the private keys, you can spend anywhere
Also unlike PayPal a transaction takes a few hours instead of a few seconds. Wait, that's not a good thing...
Serious question: why would one buy Bitcoin except for holding on to it? That seems like a very unhealthy reason imho...
For me, buying BTC is buying out of fiat. Being able to have autonomous control of the currency I have the private keys to. I've been thinking lately: the rich invest their fiat into stores of value, while paying the poor in fiat which is soon to be worthless. This reinforces the current inequality
Just plucking some thoughts from the aether of my mind. I'm currently holding because I can't spend, but technologies are going to be emerging which enable Steam et al to efficiently accept BTC, & I don't feel BTC is something to be sold-- only spent
The growth rate will stabilize once the market settles on what the true value of this currency is. Then it'll just be a non deflating store of value which is also liquid
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Also unlike PayPal a transaction takes a few hours instead of a few seconds. Wait, that's not a good thing...
It is instantaneous depending on which platform you are using. Maybe you should bother looking into it.
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I'd take pay in bitcoin as payment for work anytime over last 5 years because of stupidly high cost of international money transfers. Unfortunately nobody wanted to pay me like that because apparently it was harder for accounting.
Would you have spent it?