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transactions with fiat is fine, good luck storing all of your wealth in fiat (specially with worldwide QE, fiat is more pumped than anything can be) : http://ww

transactions with fiat is fine, good luck storing all of your wealth in fiat (specially with worldwide QE, fiat is more pumped than anything can be) : http://www.fiatfate.com/ http://www.fiatfate.com/

mywittyname 9y ago
The solution to this is, and always has been, to buy equities. Put your wealth to work generating an income stream.
- nikolay 9y ago
  A guy living in a basement in China, Ukraine, or Russia is not sophisticated enough to make such investments. Bitcoin is the amateur investment dream, but, unfortunately, there is unscrupulous money behind it, too. When there's a supply of avid supporters living in denial and who invest any penny in it at any price, there's an opportunity to make money out of somebody else's stupidity.
  - mywittyname 9y ago
    People in those countries have access to equities markets. It's a little more awkward to trade in Russia, but there absolutely are online brokerages that service the country. China actively encourages private citizens to invest in stock funds.
nikolay 9y ago
My 401(k) and the fund I spent less than 10 minutes selecting gives me roughly 15% annual growth. Just last month alone it was about 5%. Greed hurts and kills. I'm happy with this return, and I'd instead invest my time in building something tangible than sitting on a stash of Bitcoin and waiting for the day to sell to come, which would never be. It's just very degrading from a psychological point of view - not selling bitcoins does nobody good, including the owner whose psyche is getting severely affected. On forums, I see people living in misery just to invest every penny in cryptos in hopes of a better life, which possibly would never materialize. With stocks and selecting the right companies to you invest in, and having a modest growth that doesn't activate greed that emphatically, the positive outcome for the world as a whole is evident.

mywittyname 9y ago

The solution to this is, and always has been, to buy equities. Put your wealth to work generating an income stream.

nikolay 9y ago
A guy living in a basement in China, Ukraine, or Russia is not sophisticated enough to make such investments. Bitcoin is the amateur investment dream, but, unfortunately, there is unscrupulous money behind it, too. When there's a supply of avid supporters living in denial and who invest any penny in it at any price, there's an opportunity to make money out of somebody else's stupidity.
- mywittyname 9y ago
  People in those countries have access to equities markets. It's a little more awkward to trade in Russia, but there absolutely are online brokerages that service the country. China actively encourages private citizens to invest in stock funds.

nikolay 9y ago

My 401(k) and the fund I spent less than 10 minutes selecting gives me roughly 15% annual growth. Just last month alone it was about 5%. Greed hurts and kills. I'm happy with this return, and I'd instead invest my time in building something tangible than sitting on a stash of Bitcoin and waiting for the day to sell to come, which would never be. It's just very degrading from a psychological point of view - not selling bitcoins does nobody good, including the owner whose psyche is getting severely affected. On forums, I see people living in misery just to invest every penny in cryptos in hopes of a better life, which possibly would never materialize. With stocks and selecting the right companies to you invest in, and having a modest growth that doesn't activate greed that emphatically, the positive outcome for the world as a whole is evident.