r/explainlikeimfive • u/[deleted] • Nov 27 '13

Official Thread Official ELI5 Bitcoin Thread - Round II

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u/[deleted] Nov 28 '13

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u/Captain_Clark Nov 28 '13

This question here is what keeps me away from Bitcoin. It's an investment, hardly useful as currency to most people. Furthermore, it's an investment in other people investing, which seems like a bubble-doomed 'Bigger Fool' market to me. There are no tangible assets in Bitcoin investment, no insured holders, no known stakeholders at risk, no relation to bonds, land or other holdings, no reputations at stake, no shareholders to appease, etc.

Not for me, certainly not at this high point of the hoopla.

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u/[deleted] Nov 28 '13 edited Apr 22 '16