I trade in currencies on the forex market. So investment and currency are the same thing...well almost. Like in any trading there are always two commodities involved. For example one trades US dollars for Apple stock. Then one trades Apple stock for US dollars. The actual investment is on the relative difference in value between the two commodities: US dollars and Apple stock. In the forex market, both are currencies.
Is there any “talk” of the blockchain technology in your forex world?
Proponents suggest in the third world this technology could make a huge difference to emerging markets who do not have access to banks.
Well said Andy.
I always laugh when people start worrying about the loss of value of the dollar - well don’t own dollars! Currencies are just another kind of assets,and like most assets they go up and down RELATIVE to each other.
In the case of bitcoins, since they have set a limit on how many can be “mined” their value will invariably trend on the upside. Because of that, I believe people will be more likely to hoard them then to use them.
There has been no better investment by far since it’s inception than bitcoins. When it came out you could buy 1000 bitcoins for one dollar. Today 1 bitcoin will fetch over 1000 dollars.
So if you had invested $1000 in bitcoins back in 2010 you would be worth a billion today! Truly unbelievable!
“So investment and currency are the same thing...well almost.”
Anything can be an investment, but not everything is a good investment :)