What don't people understand about them. Look what China just did. At what point are they secure or an alternative?
In the event of a stock market crash. They are the most volatile currency this planet has seen. A cloud of clutz. Until they are worthless.
All their perks are diminishing today. Tracked and traced on large transactions buying them and on any large transactions cashing them. An instore credit card, with no fixed rates. The only purpose for them is largely for investment. Or international transfers and buying and selling moody unregulated services. By using a volatile and unsecured medium your money devalues daily, worth less or more by the time you have transferred, accosting. Until they are simply another stock option. Where it painstakingly takes far longer to exchange, than any other monetary means of transfer and credit.
Literally they're the biggest sack of excrement to hit society. Monopoly money. Worse than a credit card. Dumber than PayPal. PayPal was of course for children who couldn't get credit, sure it also has some credit perks and offers. When bitcoin first came out, it had a use. Untraceable. Today it has faster become useless. But a middle man profits off your gullibility, taking an extortionate cut off your investment, becoming a scam. Pay me more to keep your money. But unlike a bank, offers no security. By comparison far more money lost, off its volatility, and far more proportionately stolen.
If you are hedging on a future where they are fully integrated into society. Don't, because they're a gimmick. Credit through central banks, the same credit buying them, the same credit sustaining their services, isn't going anywhere. What did bitcoin actually offer, investment, where in the event of collapse has no security, China.
3 ways to hedge if you're rich. If you're not rich, pick one or two, or just one.
Regular portfolio (gamble on things staying the same)
Crypocurrencies (gamble on society continuing, just not the financial currencies)
Off grid fully sustainable and guarded living (assumes society collapses in full)
What don't people understand about them. Look what China just did. At what point are they secure or an alternative?
In the event of a stock market crash. They are the most volatile currency this planet has seen. A cloud of clutz. Until they are worthless.
All their perks are diminishing today. Tracked and traced on large transactions buying them and on any large transactions cashing them. An instore credit card, with no fixed rates. The only purpose for them is largely for investment. Or international transfers and buying and selling moody unregulated services. By using a volatile and unsecured medium your money devalues daily, worth less or more by the time you have transferred, accosting. Until they are simply another stock option. Where it painstakingly takes far longer to exchange, than any other monetary means of transfer and credit.
Literally they're the biggest sack of excrement to hit society. Monopoly money. Worse than a credit card. Dumber than PayPal. PayPal was of course for children who couldn't get credit, sure it also has some credit perks and offers. When bitcoin first came out, it had a use. Untraceable. Today it has faster become useless. But a middle man profits off your gullibility, taking an extortionate cut off your investment, becoming a scam. Pay me more to keep your money. But unlike a bank, offers no security. By comparison far more money lost, off its volatility, and far more proportionately stolen.
If you are hedging on a future where they are fully integrated into society. Don't, because they're a gimmick. Credit through central banks, the same credit buying them, the same credit sustaining their services, isn't going anywhere. What did bitcoin actually offer, investment, where in the event of collapse has no security, China.
Whatcha gonna spend it on when the supply chain stops?