Its original intention of being a way of moving value easily including small amount has not panned out, it does not negate that it has matured in to a digital gold.
Or just say you heard about it early and regret not grabbing a few wooden nickels.
it does not negate that it has matured in to a digital gold.
Even as "digital gold", Bitcoin is inferior to the real thing in many ways.
For investment purposes, real gold has been fully "digitized" as well.
You can easily buy, hold and sell it electronically without ever taking physical delivery. And typically with better security and lower overall transaction fees than with Bitcoin. For example, see "GLD".
And real gold does have some practical utility --- beyond just hope for more, bigger suckers to drive the price up.
Let's face the facts; outside of criminal activity, Bitcoin is mostly a pure sucker play. And the typical sucker is either a gambler or someone with limited grasp of existing financial instruments and alternatives. This is not to suggest that there aren't large numbers of these people out there.
jqpabc123|4 months ago
Even as "digital gold", Bitcoin is inferior to the real thing in many ways.
For investment purposes, real gold has been fully "digitized" as well.
You can easily buy, hold and sell it electronically without ever taking physical delivery. And typically with better security and lower overall transaction fees than with Bitcoin. For example, see "GLD".
And real gold does have some practical utility --- beyond just hope for more, bigger suckers to drive the price up.
Let's face the facts; outside of criminal activity, Bitcoin is mostly a pure sucker play. And the typical sucker is either a gambler or someone with limited grasp of existing financial instruments and alternatives. This is not to suggest that there aren't large numbers of these people out there.