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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?

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[–] • 1 pt

I refuse to invest in anything I don't understand. Assets have intrinsic value and always have. Paper certs only matter if you can get assets for them.

[–] • 1 pt

ask any bitcoin expert what the value of the coin is and all you get is regurgitation about how good the blockchain is and how its the future.

ask them why it is that way they just repeat the same thing. 'what is the blockchain' '... its the blockchain, you idiot' 'but what is it' 'did i fucking stutter?'

the 'experts' are just repeating what the scammers they gave their money to hoping people around them are dumber than they are and will take it off their hands... the actual money that may have originally been in BTC was converted back to cash a fucking decade ago and those people are sunning it up on a beach sipping pina colada completely anonymously as per their very successful scam. they got out.

the current people pushing it are the second or third tier of 'victim' now trying to scam others to bail themselves out.