The moronic shills keep calling BITCOIN an investment, its NOT
An investment involves collateral, that you can always get back,
True in all senses. Bitcoin doesn't offer a collateral. But what about the public trust around it. A collateral doesn't need to be physical everytime, some can be intangible as well and that's exactly what bitcoin offers. It is backed up by the public trust around the world.
BITCOIN is a SPECULATION, its GAMBLING, its based on moronic promises and false hopes that it will go to the moon.
You can't 'secure' BITCOIN, sure you sell bitcoin for cash, use that cash as security, anywhere on earth, but nobody is going to accept your BITCOIN, other than its FACE-VALUE at the time of deposit.
Today's BTC futures is 100% is CASH US-DOLLARS
Right you are! But why would someone ask for more than a face value? Bitcoin's price is the rawest reflection of the public sentiment. The price is increasing due to the corporate companies are adopting it. To determine a value, we need a real-world currency as a benchmark, so USD came in to the picture as it is strongest currency.
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In summary BITCOIN is NOT an investment, its speculating, its gambling, please stop the bullshit
Even BITCOIN.ORG call's BITCOIN a "speculative investment', meaning its like betting on horses at the race tracks
https://bitcoin.org/en/faq...
Secured means you hold title, it means you can go to court and repo your property, but BITCOIN is just a number in the sky, sure in time perhaps somebody will escrow coin, and these things do exist for RICH PEOPLE, but were talking about moronic shills trying to get rich,
The places in the mountains of Switzerland for keeping BITCOIN safe are for RICH PPL, not for the moronic day traders who live at home with their parents.
That's the best part of bitcoin. You don't need to be rich to become a bitcoin holder. Obviously you can buy more bitcoin that a normal person if you are rich and store it to a secure place, but it also gives a poor day trader the same rights as it is given to a rich person. I know many people who are living a decent life now because they adopted bitcoin and started trading with it. People gamble and speculate to earn money, so if a person is earning money in a legal way, what's the problem? Let it be a gambling and speculating, I see no issue.
Stop talking negative about bitcoin. If you are so negative about bitcoin, please donate your bitcoins to me and I promise to take good care of those. We don't need negative people like you in this community.
