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Brandi C.
Thoughts on Bitcoin
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Thoughts on Bitcoin
I know alot of people have made plenty of money on there, but for some reason I just don't trust it and won't invest into it.
The idea that a government could ban it overnight keeps me far away.
cant stomach the ups and downs
There are two big threads on BTC already in the investing forum and a ton of crypto currency discussions with a good bit of information. Why not check those out?
I don't like Bitcoin, because it is just a speculative tool without productivity.
Thoughts on Bitcoin
Please
I like it
bit coin is subject to more influences than most other currency type investments potential high profit is offset with high risk.
thought it was duds but it's hitting record highs once again
I don't know much about Bitcoin but, would like to learn. Seems it's worth looking into.
A yes
Bitcoin/cryptocurrency and stocks are both a gamble, but some have better odds than others.
I invest in both
It takes a lot of energy to mine bitcoin, so it's terrible for the environment.
BTC mining generally goes where there is spare energy that would go wasted and unused otherwise: https://youtu.be/E5gXD40OHcg?t=86
It's recognized as an official form of currency in El Salvador which is a huuuge step; however, as mentioned in previous posts, the government is cracking down on crypto currencies as I'm sure they're not trying to have USD become invalid or decrease in value.
If you already have an emergency fund AND a solid savings account built and don't mind potentially losing money, then go for it. But diversify your portfolio to prevent any complete losses and understand what you're doing before diving in. You'd be better off investing in Bitcoin vice trading unless you have stupid money and a solid broker.
The fed and congress are backed into a corner. In hindsight it was not hard to see that we would eventually arrive at this point. The USG can tax and regulate BTC but they cannot stop the inevitable adoption of BTC as the global currency if they continue the current twin goals of pricing world energy and goods in petrodollars and offloading overspending by inflation via monetary policy.
This is not fininacial advice, but investing small amounts in various cryptocurrencies has allowed me to profit. It's up to everyone individually what will work for them, but for me it's a good small investment.
no
What are some other investments ideas
I like Bitcoin from the perspective of a store of wealth and I have some on an app that pays me a much better interest rate than any bank account I have. But from an investing perspective, I am currently putting money into other alt coins that I believe have the potential to grow much more rapidly than Bitcoin in the near future.
don't understand bitcoin