just wondering.. if someone would be poor how would they get any bitcoin in the first place, 60k isnt exactly cheap is it? What about the wild price swings? if rose nearly 4k today? what about next week?? e.g if i put in $60k right now bought 1 BTC, 6 months time the price crashes 50% now my 1 coin is only worth $30k, who just stole my other $30k? Not a very reliable way to store $$ long term is u ask me..
Now i hate the current financial system but atleast with fiat currency the value remains stable and im not going to wake up next week and my life savings will be gone... WIth current system all i have to deal with is inflation and interest rates affecting the buying power of my $$$ and these are usually 1-5% a year or 0.25/0.5% on CB interest rates. Seems no different that trading stocks to me.. just gambling.
Also with supply being limited is there not a huge risk of a financial whale coming along and dropping a few bill in and capturing the market? like a hostile takeover via stock ownership? Also who processes all the payments?
I dont know jack about crypto, never really trusted tech atall... never owned a smartphone... :D :D never will.
P.S Formatting on this site is abysmal.. this WAS a proper paragraph CBA to fix it.
just wondering.. if someone would be poor how would they get any bitcoin in the first place, 60k isnt exactly cheap is it? What about the wild price swings? if rose nearly 4k today? what about next week?? e.g if i put in $60k right now bought 1 BTC, 6 months time the price crashes 50% now my 1 coin is only worth $30k, who just stole my other $30k? Not a very reliable way to store $$ long term is u ask me..
Now i hate the current financial system but atleast with fiat currency the value remains stable and im not going to wake up next week and my life savings will be gone... WIth current system all i have to deal with is inflation and interest rates affecting the buying power of my $$$ and these are usually 1-5% a year or 0.25/0.5% on CB interest rates. Seems no different that trading stocks to me.. just gambling.
Also with supply being limited is there not a huge risk of a financial whale coming along and dropping a few bill in and capturing the market? like a hostile takeover via stock ownership? Also who processes all the payments?
I dont know jack about crypto, never really trusted tech atall...
P.S Formatting on this site is abysmal.. this WAS a proper paragraph CBA to fix it.
just wondering.. if someone would be poor how would they get any bitcoin in the first place, 60k isnt exactly cheap is it? What about the wild price swings? if rose nearly 4k today? what about next week?? e.g if i put in $60k right now bought 1 BTC, 6 months time the price crashes 50% now my 1 coin is only worth $30k, who just stole my other $30k?
Now i hate the current financial system but atleast with fiat currency the value remains stable and im not going to wake up next week and my life savings will be gone... WIth current system all i have to deal with is inflation and interest rates affecting the buying power of my $$$ and these are usually 1-5% a year or 0.25/0.5% on CB interest rates. Seems no different that trading stocks to me.. just gambling.
Also with supply being limited is there not a huge risk of a financial whale coming along and dropping a few bill in and capturing the market? like a hostile takeover via stock ownership? Also who processes all the payments?
I dont know jack about crypto, never really trusted tech atall...
P.S Formatting on this site is abysmal.. this WAS a proper paragraph CBA to fix it.
just wondering.. if someone would be poor how would they get any bitcoin in the first place, 60k isnt exactly cheap is it? What about the wild price swings? if rose nearly 4k today? what about next week?? e.g if i put in $60k right now bought 1 BTC, 6 months time the price crashes 50% now my 1 coin is only worth $30k, who just stole my other $30k?
Now i hate the current financial system but atleast with fiat currency the value remains stable and im not going to wake up next week and my life savings will be gone... WIth current system all i have to deal with is inflation and interest rates affecting the buying power of my $$$ and these are usually 1-5% a year or 0.25/0.5% on CB interest rates. Seems no different that trading stocks to me.. just gambling.
P.S Formatting on this site is abysmal.. this WAS a proper paragraph CBA to fix it.
just wondering.. if someone would be poor how would they get any bitcoin in the first place, 60k isnt exactly cheap is it? What about the wild price swings? if rose nearly 4k today? what about next week?? e.g if i put in $60k right now bought 1 BTC, 6 months time the price crashes 50% now my 1 coin is only worth $30k, who just stole my other $30k?
Now i hate the current financial system but atleast with fiat currency the value remains stable and im not going to wake up next week and my life savings will be gone... WIth current system all i have to deal with is inflation and interest rates affecting the buying power of my $$$ and these are usually 1-5% a year or 0.25/0.5% on CB interest rates. Seems no different that trading stocks to me.. just gambling.
P.S Formatting on this site is abysmal.. this WAS a proper sentence CBA to fix it.
just wondering.. if someone would be poor how would they get any bitcoin in the first place, 60k isnt exactly cheap is it? What about the wild price swings? if rose nearly 4k today? what about next week?? e.g if i put in $60k right now bought 1 BTC, 6 months time the price crashes 50% now my 1 coin is only worth $30k, who just stole my other $30k?
Now i hate the current financial system but atleast with fiat currency the value remains stable and im not going to wake up next week and my life savings will be gone... WIth current system all i have to deal with is inflation and interest rates affecting the buying power of my $$$ and these are usually 1-5% a year or 0.25/0.5% on CB interest rates. Seems no different that trading stocks to me.. just gambling.
just wondering.. if someone would be poor how would they get any bitcoin in the first place? 60k isnt exactly cheap is it? What about the wild price swings? e.g if i put in $60k right now bought 1 BTC, 6 months time the price crashes 50% now my coinc is only worth 30k, who just stole my other 30k?
atleast with fiat currency the value remains stable and im not going to wake up next week and my life saving will be gone... Seems no different that trading stocks to me.. just gambling.
just wondering.. if someone would be poor how would they get any bitcoin in the first place?