Support Bitcoin: Invest, Spend & Earn

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SUMMARY

The discussion centers on the skepticism surrounding Bitcoin as both an investment and a currency. Participants express concerns about its volatility and the prevalence of scams, with many citing negative opinions from knowledgeable individuals in finance. The contradiction between viewing Bitcoin as an investment while also acknowledging its lack of stable value is highlighted as a significant issue. Overall, the consensus leans towards caution and skepticism regarding Bitcoin's future viability.

PREREQUISITES
  • Understanding of cryptocurrency fundamentals
  • Knowledge of market volatility and investment risks
  • Familiarity with Bitcoin's technological framework
  • Awareness of common scams in cryptocurrency
NEXT STEPS
  • Research Bitcoin's underlying blockchain technology
  • Explore market analysis techniques for cryptocurrency
  • Learn about regulatory frameworks affecting Bitcoin
  • Investigate alternative cryptocurrencies and their value propositions
USEFUL FOR

Investors, financial analysts, and anyone interested in understanding the complexities and risks associated with Bitcoin and cryptocurrency markets.

3301
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How many of you support that alternate currency? Do you have some bitcoins and if yes do you spend it?

Personally i have few coins and I am waiting to get on right price. It is investing for me.
 
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I think it's interesting, but right now I wouldn't touch it. Too many scams in the news.
 
Literally everyone I've ever spoken to who knows anything about investment or finance has nothing but horrible things to say about bitcoin. This includes my economics professor, my uncle who's rich from investments, and a few internet friends who've proven they know their stuff. I don't even ask about it half the time. They just tell me stories about how dumb it is for funsies. It's a joke to them.
 
3301 said:
How many of you support that alternate currency?
...
It is investing for me.
Those two statements directly contradict each other and that's a big problem for Bitcoin. With no basis for a value either as an investment or a currency, it is pretty much impossible for it to become either, but certainly not if people can't pick one and stick with it.
 
Enough said about bitcoin.
 

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