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Personal Finance and Investing

bucolic_frolic

(51,571 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.

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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