Re: Does anyone think the price is unsustainable? Only bears please and seriousness.
So stock, property are not man-made? Why do you think something has no value because it's man-made? Cash is also man-made.
Holding BTC has only one risk, that is suddenly everyone throw it away and think it is valueless, which I've said only will happen when something much better replaces it. Otherwise, it is much safer than any other investment.
Buying property, you are betting on the politics, economy, security, and many other things on the location of your property. You have to worry about the earthquake, fire, flood, storm, hurricane, or typhoon.
Buying stock, you are betting on the market, competitors, the leadership of the CEO, and many others. Moreover, you have to worry about insider-trading and fraud in accounting.
Buying gold or silver, you have to find a safe place to store them and then you need to find a safe place to sell if you want cash.
I believe now you will agree with me why I said investing on BTC is the safest and the easiest.
That said, I'm not saying it is risk-free. It is highly risky, but investing on anything is risky, and holding fiat without investing is even more risky.
Holding BTC has only one risk, that is suddenly everyone throw it away and think it is valueless, which I've said only will happen when something much better replaces it. Otherwise, it is much safer than any other investment.
Buying property, you are betting on the politics, economy, security, and many other things on the location of your property. You have to worry about the earthquake, fire, flood, storm, hurricane, or typhoon.
Buying stock, you are betting on the market, competitors, the leadership of the CEO, and many others. Moreover, you have to worry about insider-trading and fraud in accounting.
Buying gold or silver, you have to find a safe place to store them and then you need to find a safe place to sell if you want cash.
I believe now you will agree with me why I said investing on BTC is the safest and the easiest.
That said, I'm not saying it is risk-free. It is highly risky, but investing on anything is risky, and holding fiat without investing is even more risky.
Man made from thin air thats what i meant , and i didn't say it has no value but certainly not 900 , stocks are different you make earnings from it , its business anyway i didn't say go ahead buy stocks it is safe , BTC is risky as an investment especially at these prices and risky as an asset , your wallet may be hacked at anytime , thieves may steal your password under gun threat ... etc it is not safe at all , the general public certainly wouldn't know how to properly secure their coins , and it is not the easiest to use lets face it you have to know how to use the client and dowanload it and then sync it for few days - growing size of GBs - , and then learn how to buy your BTC and verify your exchange account and fund it and then transfer BTC to your wallet and secure it by encrypting your wallet and have a backup and then know how to send and use your coins and how to transfer it to another person and know about fees , confirmations , waiting time ... etc , believe me it is not the easiest to use not for the public anyway , and btw it is not the fastest as they say , CC wins here - speed wise -, most of bitcoiners are hoarders it is currently a speculative asset and should be treated that way .