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My pastor asked me about Bitcoin yesterday, and if he should buy some. My pastor, who did the math and realized that it doesn't make financial sense for him to
by MandieD 9y ago
My pastor asked me about Bitcoin yesterday, and if he should buy some. My pastor, who did the math and realized that it doesn't make financial sense for him to own a car on the little bit of money he makes working for various English-speaking churches here in Germany and teaching, and is not a greedy person (otherwise he wouldn't be a poorly-paid mainline Protestant pastor...)
At least he understands that he doesn't understand how on earth it works and that should be grounds enough for caution.
If I didn't already have problems with how much electricity it burns for even the smallest transaction, that would have been enough to put me off it.
I apologized to him for possibly being wrong about warning him off from what looks to me like an enormous bubble, but from what I've seen outside of our own tech bubble, it's an enormous bubble that most of the buyers have little to no understanding of.
I made 1300% on Nvidia stock purchased in 2009, after that court ruling. I'm content with the money I've indirectly made off Bitcoin.