Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2026 Poal.co

901

It was at just under 30k like a month ago and it’s about to hit 50k. Speculators say it’ll go past 100k before the end of 2021.

I’m failing to see the value in holding the coin if the global economy tanks, but maybe one of you guys can enlighten me.

What’s going on? Am I dumb for putting most, (got a little crypto), of my money in assets and commodities instead?

It was at just under 30k like a month ago and it’s about to hit 50k. Speculators say it’ll go past 100k before the end of 2021. I’m failing to see the value in holding the coin if the global economy tanks, but maybe one of you guys can enlighten me. What’s going on? Am I dumb for putting most, (got a little crypto), of my money in assets and commodities instead?

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (38).
[–] • 0 pt

No one is going to use something that rots away as a currency though. I can understand the argument that bitcoin has properties superior to gold as money, namely that a crypto wallet is more difficult to steal by force and wealth can travel internationally with lower friction but it doesn't have the history of money use that gold does. Bitcoin is a brand with no inherent properties that can't be replicated in a different coin other than the momentum of sentiment