But it is a brand. And brands are subject to fads. Look at doge mooning recently. If it can rocket it can also plummet. It is essentially speculation with the believe you can take out more fiat than you put in. Not an onerous proposition but definitely risky. I'm not even opposed to cryptos, in principal they have some benefits but bitcoin is a bubble. It will be a bubble even if/when it hits $1M because it is based solely on brand sentiment. Its a good brand but a brand nonetheless.
Disclaimer: I am a salty no coiner who thinks wealth should be tied to productivity not speculating on brands
But it is a brand. And brands are subject to fads. Look at doge mooning recently. If it can rocket it can also plummet. It is essentially speculation with the believe you can take out more fiat than you put in. Not an onerous proposition but definitely risky. I'm not even opposed to cryptos, in principal they have some benefits but bitcoin is a bubble. It will be a bubble even if/when it hits $1M because it is based solely on brand sentiment. Its a good brand but a brand nonetheless.
Disclaimer: I am a salty no coiner who thinks wealth should be tied to productivity not speculating on brands
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