To: SeekAndFind
Bitcoin is one of the few ways (if great, knowledgeable care is taken) that Chinese can now get money OUT of China and not affect their “social score” or otherwise have that act known to the Chinese authorities.
2 posted on
07/01/2019 9:33:05 AM PDT by
House Atreides
(Boycott the NFL 100% — PERMANENTLY)
To: SeekAndFind
You need Bitcoin to pay ransom to hackers who lock down computer systems. The hackers always want to be paid in Bitcoin.
To: SeekAndFind
If it can go up 400% in 6 months it can surely go down 95% in a week.
4 posted on
07/01/2019 9:34:50 AM PDT by
Gay State Conservative
(A joke: Comey,Brennan and Lynch walk into a Barr...)
To: SeekAndFind
Fools and their money are soon parted.
5 posted on
07/01/2019 9:36:48 AM PDT by
NRx
(A man of honor passes his father's civilization to his son without surrendering it to strangers.)
To: All
Do any financial gurus have an investment opinion on both bitcoin and Facebook’s Libra launch?
To: SeekAndFind
I understand how blockchain technology can be helpful in transferring value from one person to another.
I do not at all see why an instantiation of blockchain technology (such as Bitcoin) can be any sort of "investment". It increases in value because ... Why?
Even gold doesn't really increase in value. Gold holds its value in the face of inflation. That is powerful. But gold doesn't truly increase in value the way a hot stock does (or like Bitcoin seems to).
The technology is interesting. But I see this as Tulips in terms of How-Can-I-Get-Rich-Quick?
9 posted on
07/01/2019 9:49:27 AM PDT by
ClearCase_guy
(If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
To: SeekAndFind
It’s not currency. Governments have a monopoly on issuing currency. It’s a means of exchange based on an existing currency. As long as there are people who accept it, thinking that it confers value, bitcoin will appear to be doing well.
15 posted on
07/01/2019 10:10:45 AM PDT by
I want the USA back
(The further a society drifts from the truth, the more it will hate those who speak it. Orwell.)
To: SeekAndFind
25 posted on
07/01/2019 11:33:24 AM PDT by
bkopto
To: SeekAndFind
If Bitcoin is “money,” why is it valued in U. S. Dollars?
27 posted on
07/01/2019 11:55:05 AM PDT by
abb
("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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