Support Bitcoin: Invest, Spend & Earn

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Discussion Overview

The discussion revolves around the support and skepticism surrounding Bitcoin as an alternate currency. Participants share their personal experiences, opinions on its investment potential, and concerns about its legitimacy and value.

Discussion Character

  • Debate/contested

Main Points Raised

  • Some participants express support for Bitcoin, indicating they own coins and view it as an investment opportunity.
  • Others express skepticism, citing concerns about scams and negative opinions from knowledgeable individuals in finance and investment.
  • A participant highlights a contradiction in Bitcoin's dual role as both an investment and a currency, suggesting this undermines its potential value.
  • One participant concludes the discussion with a dismissive remark about Bitcoin.

Areas of Agreement / Disagreement

Participants generally disagree, with some supporting Bitcoin as an investment while others criticize it and express doubts about its viability.

Contextual Notes

There are unresolved assumptions regarding the basis for Bitcoin's value and its dual role as a currency and investment, which participants have not fully explored.

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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