The comment I replied to said "There is no longer such a thing as a "safe investment". The only way to grow your money is to take risks with it".
Bitcoin is seen as a risky investment by most people. To those of us that understand what it actually is and how it works, it's the best kind of money/store of value ever invented.
The only other options I see for storing wealth are things like precious metals, real estate, or stocks and bonds.
I think precious metals are kind of useless as money and over hyped as a store of value. Asteroid mining could flood the market in the future.
Real estate is a lame investment. People need homes. When people buy up real estate to park wealth, it drives up the cost of homes for new home buyers.
Stocks are a maybe, but I would only buy stocks like apple and tesla. I don't really like most corporations.
Bonds are a joke, with negative interest rates.
In the grand scheme of things, Bitcoin looks like the most sane place to store wealth.
> Bitcoin is seen as a risky investment by most people. To those of us that understand what it actually is and how it works, it's the best kind of money/store of value ever invented.
Why? Just because the other options have downsides, what makes Bitcoin good? There was a rush in 2018 - are you assuming it's going to happen again? Bitcoin seems to be super unstable, more so than anything else I'm aware of - why would I want my retirement savings to be able to fluctuate that much every year? What stops a new cypotcoin from coming along and being dubbed superior, removing the value of Bitcoin overnight?
bryanlarsen|6 years ago
nwsm|6 years ago
https://knowyourmeme.com/memes/this-is-good-for-bitcoin
zaphod420|6 years ago
Bitcoin is seen as a risky investment by most people. To those of us that understand what it actually is and how it works, it's the best kind of money/store of value ever invented.
The only other options I see for storing wealth are things like precious metals, real estate, or stocks and bonds.
I think precious metals are kind of useless as money and over hyped as a store of value. Asteroid mining could flood the market in the future.
Real estate is a lame investment. People need homes. When people buy up real estate to park wealth, it drives up the cost of homes for new home buyers.
Stocks are a maybe, but I would only buy stocks like apple and tesla. I don't really like most corporations.
Bonds are a joke, with negative interest rates.
In the grand scheme of things, Bitcoin looks like the most sane place to store wealth.
SketchySeaBeast|6 years ago
Why? Just because the other options have downsides, what makes Bitcoin good? There was a rush in 2018 - are you assuming it's going to happen again? Bitcoin seems to be super unstable, more so than anything else I'm aware of - why would I want my retirement savings to be able to fluctuate that much every year? What stops a new cypotcoin from coming along and being dubbed superior, removing the value of Bitcoin overnight?