Posted on 07/02/2022 7:06:28 AM PDT by Browns Ultra Fan
The dollar is backed by the strength of the US military and even then, you still get portraits of presidents
Bitcoin is nothing
Bitcoin is basically the greater fool, you buy it because you believe a greater fool will buy it from you for more then you paid for.
That isn’t investing since their is no fundamentals
I quit drinking so bring on the ladies!
Bitcoin would never have been viable as a worldwide currency, or even the currency of any individual country, because it’s deflationary by its very nature. The number of bitcoins that can be “mined” is limited to 21 million. The problem with deflation is, people hold on to their money rather than spend if they think prices are going down, which causes surpluses in supply, which causes prices to go down even more. This will crash an economy if it gets bad enough.
How to make a small fortune in Bitcoin...
“You can say the same thing about the dollar “
hardly ... unlike crypto, i can use dollars to buy houses, cars, groceries, gas, pay my utilities and about 100,000 othere things ... dollars have incredible value, which is why all crypto prices are quoted in dollars and not bitcoins ...
A line by Sidney Greenstreet, in the movie “The Verdict”:
Waste money on wine, women, and song? Everyone knows I can’t sing.
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