I think it’s ridiculous. It makes no sense to me. However, I still invest in it and have made some money. I sold a majority of it when it went up to $30k…who would have guessed it would double in just a couple of more months.
I have no idea why it’s worth anything. When I ask people they tell me a bunch of stories about blockchain and future cryptos that will be like dolars. I’m like ok, but why is Bitcoin itself worth so much? It will never be like dollars for a lot of reasons. Actually the $ is basically a crypto currency at this point and by law every business in the US has to accept dollars so I really don’t understand crypto at all unless there is some online marketplace that develops that needs it’s own currency (VR worlds?)
Basically I don’t own Bitcoin and never will but I hope everyone that does makes a lot of money or whatever.
the whole point is the appeal of decentralization. If the government doesn’t know what you’re buying, they can’t tax you, or penalize you for illegal purchases.
I think more and more businesses are accepting bitcoin.
Isn’t tesla going to allow it?
With how much debt we have, the inflation for the dollar will skyrocket soon. Bitcoin is more inflation resistant than gold, because there literally is a cap on how many there will ever be.
These are the 7 I own. Which means nothing. The only one I know anything about is MANA and there’s some online casino that’s going to open up to it next month, so it might jump. That’s literally 100% of my knowledge. I’m in it for the entertainment value.