idw.community

2 1

Are you kicking your self about crypto. I remember when i could of got bit coin for $600 and I thought no way its as high as its ever going to get. Now its $38,774 USD OMG

Are you kicking your self about crypto?

  • 8 votes
  • 3 votes
  • 4 votes
  • 5 votes
  • 5 votes
drzoom 4 Feb 6
Share

Be part of the movement!

Welcome to the community for those who value free speech, evidence and civil discourse.

Create your free account

2 comments

Feel free to reply to any comment by clicking the "Reply" button.

0

I find it intriguing and telling that the value of bit-coin is measured in dollars - ha! yeah that unstable, worthless piece of green paper put out by the Treasury Dept...same with gold and silver and diamonds...face it folks if and when the US economy collapses the "bit-coin" will be every bit as defunct as the American dollar.
The only thing that will have any real value is your real property, your labor and talent and your work ethic.

Bitcoin is not only measured in USD, its value can be translated in other currencies, for example one BTC is currently equaled to 4,064,594.12 Japanese Yen, and of course one could purchase a denomination of BTC using virtually any currency of any country.

As for the last part of your comment, I can agree, your property and skills will be the most valuable commodities should the economy totally tank some day, and oh yes speaking of property... During the years I've been investing in BTC I've made virtually 100% profits, meaning I turned that "worthless" digital money into actual physical cash (aka USD), and then proceeded to use said profits to purchase other physical assets including ammunition for my weapons, among other emergency type supplies. So... remind me again how useless Bitcoin is???

@SpikeTalon good point - I've never seen anyone discuss value of bitcoin in anything other than USD

@SpikeTalon if - not if but when the US economy collapses what do you suppose will be the overall effect on the global economy. Will the Japanese Yen become the preferred currency - perhaps the Chinese Yuan? I doubt the Euro won't have any value and certainly not the British Pound note nor the Australian Dollar.

@iThink I agree with you on the currency becoming worthless part when the economy tanks, and concerning that is. If one has some extra currency to spare then I'd suggest investing in some assets like emergency equipment and weapons and extra consumables. Keep telling people you can't eat gold and contrary to some popular beliefs you cannot defend yourself with silver. When society collapses and everything goes to hell, people will want/need things like consumables medicine & first aid supplies and weapons to protect your assets, they won't have much use for gold and silver. Certain work skills would be more useful than gold and silver.

2

No, because I invested when it was worth just a few hundred bucks and watched as my investment grew once BTC became more mainstream. Made some nice profits, and it didn't cost me a single penny of my own money.

Too good 😀

You can include a link to this post in your posts and comments by including the text q:183030
IDW.community does not evaluate or guarantee the accuracy of any content. Read full disclaimer.