The Coming Crisis: Bitcoin vs. Dollar?

a reply to: darkbake

If you're going to invest in any crypto, I would keep this article in mind

motherboard.vice.com...

a reply to: Aazadan

Thanks for the info, I did not know the specifics about Dogecoin, but I did know the gist of the article. It is important to research whatever cryptocurrencies you are planning on investing in long-term. You have to have a grasp on what technologies are going to bring problems in the future, and what technologies solve problems, and what each coin is trying to accomplish, how competent are the people on the team, stuff like that.

For example, I don't invest in Bitcoin because it has high fees and takes forever to complete a transaction.

a reply to: darkbake

That article touches on what I consider to be the big crypto issue right now. While the coins themselves are decentralized, they're becoming used in securities, futures, etc... basically the big banks still managed to take control. So the real advantages they had are disappearing while they're still functioning as effectively unregulated penny stocks.

There's money to be made if you're lucky but the coins have lost many of their advantages while retaining many of their disadvantages.

originally posted by: darkbake
So what makes money have value? A lot of people think its value is imaginary, but I see it as having cultural value. The dollar is worth something because people use it to buy and sell things

...we do N O T use money to sell things.

originally posted by: DBCowboy
a reply to: darkbake

Bitcoin is a gateway to globalism.

Just imagine, controlling a nations entire wealth with the power grid.

For the most part, yeah. Same amount as the $...
Ohb but you. Mean offline paper right?
Yeah bitcoin has that too.