I own gold & silver but have no clue what a bitcoin is, so here I sit out of this loop.
“””I own gold & silver but have no clue what a bitcoin is, so here I sit out of this loop.”””
I am in your camp. If I do not fully understand something, I do not put my money into it.
Don’t feel bad or left out. It’s value is only what others make of it, some are making bank and others losing their shorts. Unlike the stock market, there is no company tied to the value.
If the economy crashes, it does no good. Physical metal and other desired goods are the only tangible bargaining items at that time. No one will be interested in bargaining digital 1s & 0s if they have no power or guarantee/idea of future value for trade.
Gold and silver are still good. I periodically sell some bitcoin and buy metals. I like to cover all possibilities.
If you go to Binance they have a bunch of cryptos you can buy.
Some are like penny stocks now. I’m looking to throw 50 bucks on a few that are like .028 cents a crypto...just something to hold a few yrs and see what it does.