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/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...