Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is like a losing lottery ticket
by
davis196
on 14/09/2021, 06:01:42 UTC
https://youtu.be/52DuIE1-tJY

The linked video explains the difference between traditional financial instruments and bitcoin. Traditional are redeemable, while bitcoin is not. Which makes bitcoin equivalent to a losing lottery ticket. Or, similar to a stock of a bankrupt company, a currency of a former county or a casino token of a bankrupt casino.

I'm not going to waste my time watching a FUD video.
What do you mean by "redeemable"?You can sell BTC for fiat money.This makes BTC redeemable.
What do you mean by "traditional financial instruments"?There are stocks,bonds,mortgages,different kinds of loans,futures,call and put options.They are all traditional financial instruments,but they are different from each other.You can't just put them in one big group.
You are probably butthurt,because you have lost some Bitcoins,that's why you are hating on BTC and trying to spread FUD.Don't waste your time and move on.Losing money and making mistakes is a part of life.