Are you into Crypto?

[AbdRahim]

Unfortunately, when all goes digital, we become slaves of the state. We will have no control of how much we have. One executive order can make gold, silver, paper money, etc. illegal. They will be able to redistribute wealth electronically, at will - or wipe it out altogether. Govt.'s have confiscated land in the past. So there is literally no safe haven. an all digital currency will spell the end of freedom for all! Welcome to serfdom. Those who are not amongst the elite, will necessarily be amongst the poor.

 

[redbaron]

Ok, so how do I sign up for being elite?

 

[sheridany]

Satoshi & Company: The 10 Most Important Scientific White Papers In Development Of Cryptocurrencies

Bitcoin, smart contracts, and decentralized applications are transforming global finance and making businesses more efficient. Here are 10 seminal papers that contributed to the rise of bitcoin and blockchain.

www.forbes.com

 

[Retired]

$100 "invested" in Bitcoin in 2010 is 1 million dollars today.

Im staying away. Maybe it is the wave of the future, but Im living in the present and will hang onto real property, gold, silver and stocks in solid Blue Chips.

 

[GeoKat]

I was watching bitcoin when covid hit last year. It really dove hard. If covid hadn't killed me I would have invested back then but only to resell like I did with fake meat. That stuff is still going up I shouldn't have sold out but eh broke is broke.

 

[Rich-MLsRV]

I continue to follow bitcoin closely but am not ready yet to invest. I think the recent jumps in the price has been largely due to money from both institutional and private investors (aka Tesla). I think the the coronavirus pandemic is also playing a part. I think, like others, the key is diversifican - stocks (index funds), bonds, property (rentals). I like following game changers but have never been able to convince my self to invest early. Opportunity lost?? Guess I'll never know.

 

[RKins]

I was watching Bloomberg the other day and they said that Bitcoin started out for pennies a share (or bit?) and now is 44,000 a bit. Wow. I agree that it's scary, do they issue a document, like they did on bonds, to show what you have...?

 

[Kevin D Pem]

It is a ledger you use to keep track of it. After talking to my wallstreet guy I must agree with him. What if the internet goes down?

 

[GeoKat]

If the internet goes down I'd be heading for the hills. Talk about civil breakdown.

 

[Kevin D Pem]

If the internet goes down I'd be heading for the hills. Talk about civil breakdown.

Hummmmm

 

["EZ"]

$100 "invested" in Bitcoin in 2010 is 1 million dollars today.

Im staying away. Maybe it is the wave of the future, but Im living in the present and will hang onto real property, gold, silver and stocks in solid Blue Chips.

Look at it this way...........years ago if you owned a $100,000 home you were doing really well and were definitely in the upper middle class. Today, that same $100,000 priced home is and old starter home that needs about $100,000 worth of work to be livable. This is the devaluation of your dollars due to inflation. If you only hold onto dollars and "normal" old school investments as time goes on they will be worth less and less and less just like that $100,000 house. I was watching Tiny House Nation the other day and they had some tiny homes with less than 400 sq. ft. in them that were more than $100,000. It's a fact that the dollar is almost worthless.

 

[sheridany]

Excellent point by @"EZ" . My philosophy has been been diversify but don't lose out on opportunities that may be beneficial down the road. A very small percentage of my portfolio is in things like digital currencies, EV, renewable energy etc.

 

[AbdRahim]

https://www.youtube.com/watch?v=3EFC3-GFQRg

 

[Rich-MLsRV]

https://www.youtube.com/watch?v=3EFC3-GFQRg

I can't get your link to work??

 

[AbdRahim]

The link is correct. YouTube won’t allow access this way, I guess. Search YouTube.

”When the internet is no more - episode from South Park season 12 episode 6