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03-25-2024, 2:06pm | #61 | |||||||
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I still have them, and they are trading for 6.5x what I paid for them, as well as paying me dividends for the last quarter century. He doesn't ask that dumb question anymore. I don't understand crypto either, so I have never invested in it, much like dozens, or possibly hundreds of other types of securities. I am fully aware that those "in the know" might have better returns than I do over time, and I don't care. Someone will ALWAYS have better returns than me no matter what I do. |
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03-25-2024, 2:19pm | #62 | ||||||
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That's good, because it was never intended to be an investment. It's actual purpose is to be a fiat currency that is entirely free of any government's control, immune to being frozen or forfeited like the fiat currencies issued by governments and kept in banks.
As an example of one intended use case, one of my oldest friends in an expat living in Argentina. Lots of folks down there have been using cryptocurrency because it's less volatile than the Peso. |
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03-25-2024, 2:23pm | #63 | ||||||
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I am just now trying to understand this. It is for keeping government from being in control of it. But, they are, in some way. Largest holder of Bitcoin, FBI.. via confiscation.
Blockchain.. Interesting concept I have my external wallet now and will buy and see where it goes. |
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03-25-2024, 2:52pm | #64 | |||||||
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The forgery protection is (among other things); that a percentage of certain players "validate" a transaction. I never say NEVER (as in "cannot be forged"). Something is "immutable"; until it isn't. |
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03-25-2024, 4:29pm | #65 | |||||||
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I started to research it, but got lost in the weeds. Also concerned that BTC is now designated by .gov as an Exchange Traded Fund. This means the big boys with huge resources can wade in, buy big time and manipulate the market. There's also the problem of just where can you use crypto, especially the lesser known "privacy coins" like Monero, to actually buy things. A few places yes, but few & far between. |
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03-25-2024, 7:46pm | #66 | ||||||
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I bought $2k worth a few years ago as "play money". When my investment doubled I sold half to get my original amount back. Today it's worth over $17k.
Should I have stayed "all in"? Nope. |
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03-26-2024, 5:18am | #67 | ||||||
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^, Since the beginning of time, humans have made almost everything into some sort of value. From salt, nuts, seeds, metals, precious metals, and now electricity.. Zeros/Ones in a digital world.. WIll it last? Maybe.
AI will overcome it in my opinion as it will cause a pwoer consumption so large bitcoin wont be able to carry on.. Mining for Bitcoin and AI are power hungry. |
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03-26-2024, 7:38am | #68 | |||||||
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