Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

bucolic_frolic

(51,522 posts)

10. I've seen videos of respectable older and prominent investors

Reply to doc03 (Original post)

Mon Jan 25, 2021, 09:15 PM

Jan 2021

that pooh-pooh the whole Bitcoin idea. One said it was not an actual investment because it doesn't yield a future income stream, one criticized it for not being readily convertible to any actual currency, and another said it is not viable because governments are not mandating its use by - their word - "fiat", in other words compulsion or law. Not actual currency in other words, and it's not like gold. If people stop using it, it's .... And it's very volatile.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

11 replies

= new reply since forum marked as read

Highlight:

I have seen Bitcoin ATM machines lately. Can someone explain why I would [View all] doc03 Jan 2021 OP

seperate you from your actual money? nt msongs Jan 2021 #1

What I am seeing is another bubble like the 2000 .com bubble and the 2008 derivatives doc03 Jan 2021 #2

A nice convenient way to rid yourself of your money. 5X Jan 2021 #3

It's just another currency. Why exchange dollars for euro or pesos? unblock Jan 2021 #4

More privacy like money laundering and tax evasion? nt doc03 Jan 2021 #5

Possibly, but I think people make too much of that. unblock Jan 2021 #6

For many BTC is not used for transactions masmdu Jan 2021 #7

Apparently nobody is worrying about the enormous amount of electricity progree Jan 2021 #8

Not true with ADA as it is proof of "stake" masmdu Jan 2021 #9

I've seen videos of respectable older and prominent investors bucolic_frolic Jan 2021 #10

To get around sanctions, Iran embraced Bitcoin. Now with polluted skies and grid failures, progree Jan 2021 #11