I see Bitcoin as a “virtual” nothing. I’ll keep my physical gold and silver. At some point there will be a war and Bitcoin, only accessable to you by computer, will be no help if you can’t use it. When the lines go down, you’re on your own.
When the lines go down, you gold ain’t going to do you much good either. Search what people were able to do with an ounce of gold. Here is a hint...it was worth $50.
And there was nothing to buy.
The apocalypse will treat all money poorly. If there is a war in the US, your bullion will help your grandkids. You will have been dead for years.
It's another 'Get Rich Quick' scheme
. A better investment is in S&P Index funds and/or Paid off Real Estate; proven wealth builders by regular investments over time.
My mind cannot grasp how bitcoin is much else. I've come to think of it as more of a virtual bartering system with some very smart people upfront making up something, the rules for acquiring their made-up stuff, and getting lots of people to fall in line and barter with their "currency".
It's a real assault on the almost as fake global banking system and Federal Reserve. Governments and the elite hate it because they don't control it and can't tax it. Drug dealers and other slime like it because the gov cant follow it.
Simple-minded folks like me wonder how long something that is nothing can last.
Bitcoin is a virtual tulip. Don’t tank the market...