Bitcoin
Out of context: Reply #1622
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- shapesalad-2
I got £100 worth of bitcoin for free, I bought last saturday on a whim, well exchanged my Euros to BTC using Revolut, after watching this:
Anyway, not sure what I'm doing regarding BTC, so I took out my original value of € and now have £100 worth of free bitcoin due to the rise over the past 5 days. Yay me.
The more I read up about bitcoin the more conflicted I become on whether it's worthless or the best thing during this crisis. If you buy 1 bitcoin today, in 10 years time you'll still have 1 bitcoin - you don't slowly gain 2 or 100 bitcoins from holding one, you don't collect dividends, it has no worldly use (gold can be used in electronics at least). It's all based on what someone else is willing to pay for it.
On the other side... Fiat currencies are nothing more than worthless numbers on a computer typed in by central banks, and due to all this extra 'printing' are becoming worthless and at risk of either hyper inflation or serve deflation, or worthless compared to another currency...and gold requires either holding it at home(risky) or paying for storage... so BTC seems 'secure'...
Either way, prefer to have this 'free' £100 worth, than anything I've actually worked for.
- [There was no point to my report here]shapesalad
- btce got taken by gov and i lost my btc. its a new invest vehicle like a currency in a game. regardless of implied value i think it is likely one of the worst********
- however popularity can give something inherent value . and that can be traded for a short term profit. like baseball cards when they were hot.********