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Bitcoin people aren't investors, they're speculators. Big difference. Bitcoin resembles tulipmania much more than investing. At least I can pay my taxes with t
by PhantomGremlin 11y ago
Bitcoin people aren't investors, they're speculators. Big difference.
Bitcoin resembles tulipmania much more than investing. At least I can pay my taxes with the fiat currency that is the US dollar. The only thing I can do with Bitcoin is pass it on to a greater fool or to someone who will use it as an intermediate "currency" which he will immediately convert to something more tangible.
Bitcoin is very useful as a short term medium of exchange. It's not an investment and it's not a store of value.
- fixermark 11y ago... and with the current technological limitations in finalizing transactions, it's arguable how much utility it has as a short-term medium of exchange. Most "short term" media I use, I don't expect transaction finalization in scales of hours.