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Bitcoin
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RichTips said:HansOndabush said:Sebo027 said:RichTips said:IvanOpinion said:See what Terry Smith has to say on Bitcoin. A voice worth listening to.
https://www.youtube.com/watch?v=-GS1ebrdX7g&feature=youtu.be&ab_channel=interactiveinvestor
I'd push back against his advocacy for Libra, however, as it would, according to the current proposed design released by its creators, Facebook, be subject to some of the same issues that afflict fiat currencies (lack of censorship resistance, for example). This inclines me to believe cryptocurrency may be a field he lacks sufficient knowledge of to give a huge amount of insight into. That is to say, others have voices equally if not more worth listening to on this topic.0 -
[Deleted User] said:onthebench said:HansOndabush said:It's the "simpletons" that are buying into Bitcoin now.That's true. MicroStrategy invested another $1 billion, they just published it today:
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Evidence-Based Investor view on Bitcoin.0
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This article discusses the energy required to mine for Bitcoin.
How Bitcoin's vast energy use could burst its bubble - BBC News
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Bitcoin is at a tipping point and could become 'currency of choice' for global trade, Citi says
Either going to zero or currency of choice for global trade? I guess if it does become the currency of choice for global trade it might go some way to justify the energy expenditure.1 -
Where are those naysayers who religiously were saying bitcoin is not an investment?Well, it is.
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[Deleted User] said:Where are those naysayers who religiously were saying bitcoin is not an investment?Well, it is.No one has ever become poor by giving1
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thegentleway said:[Deleted User] said:Where are those naysayers who religiously were saying bitcoin is not an investment?Well, it is.
Problem is, it's being compared to traditional investments and put on to portfolios regardless. Nothing is stopping people, businesses and wealth managers from putting it into portfolios and making a killing. The horse has left the barn. Once bitcoin hard money features and other characteristics, including average gains year on year has been seen, they can't be unseen.
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[Deleted User] said:thegentleway said:[Deleted User] said:Where are those naysayers who religiously were saying bitcoin is not an investment?Well, it is.
Problem is, it's being compared to traditional investments and put on to portfolios regardless. Nothing is stopping people, businesses and wealth managers from putting it into portfolios and making a killing. The horse has left the barn. Once bitcoin hard money features and other characteristics, including average gains year on year has been seen, they can't be unseen.
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Thrugelmir said:[Deleted User] said:thegentleway said:[Deleted User] said:Where are those naysayers who religiously were saying bitcoin is not an investment?Well, it is.
Problem is, it's being compared to traditional investments and put on to portfolios regardless. Nothing is stopping people, businesses and wealth managers from putting it into portfolios and making a killing. The horse has left the barn. Once bitcoin hard money features and other characteristics, including average gains year on year has been seen, they can't be unseen.
You must be referring to saddened nocoiners and naysayers then, who have been left empty handed?New internet meme-saying to them has been lately: "Have fun staying poor".0
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