Quote:
Originally Posted by BlackCrayon
I think I have an idea of what its all about but the thing is I don't care about fiat money and all the things some bitcoin people say will happen one day with banks or whatever. I just want an easy money investment. Everyone uses it as an investment and not a currency, the price is up and down all the time and its too complex for day to day use for the average person I don't believe bitcoin will ever be widely used to buy stuff. I do believe there will be an accepted digital currency but it won't be bitcoin. The real thing to come out of bitcoin is the blockchain.
Investing in bitcoin now, I feel like a sucker since I could of invested when it was $70 a coin. I see no real point in investing now as even if it goes up, I am not going to make hundreds of thousands or millions off it now. I can make an extra 10k a month off my current investments just putting a bit more into them.
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who is everyone? you know El Salvador has 3 million citizens using it as a currency now that it's legal tender?
Your first mistake about investing is not caring about banks or devaluation of fiat currency. This is the whole point of investing, to preserve or gain wealth, so if you're in it to make $1 turn into $2 you might as well gamble on random sports games or roulette.
A good investor understands the assets and economics of what they're involved with.
Central banks inflate fiat currency every day.
Bitcoin has a max supply of 21m with growing adoption
Math and common sense tells us that NGU. There will be bumps in the road but long term this can't be stopped.
Knowledge + patience = gain value