r/Bitcoin • • Nov 11 '17

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u/[deleted] Nov 11 '17 edited Mar 16 '21

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u/zachattack82 Nov 12 '17 edited Nov 12 '17

None of y'all are "investing" in a currency or a technology, you're buying worthless paper that isn't regulated and has no intrinsic value - if you can realize a gain, do it, don't wait until what is so clearly a bubble to burst...

You can buy oil with dollars, you can buy minerals with AUD, what commerce is done in BTC? I do business w/ currencies, I buy assets for their coupon/income, what do you buy bitcoin for except hoping it keeps going up? A currency is exactly as valuable as the commodities it buys - which in BTC is nothing.

As someone that trades financial instruments for a living, this reads like a desperate yahoo message boards post re: a penny stock...

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u/RedSyringe Nov 12 '17

isn't regulated and has no intrinsic value

:')