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Or the US dollar defaults. Nobody know what happens ten years from now either. It doesn't matter that the USD have been more secure or that having a central ban
by ThomPete 9y ago
Or the US dollar defaults. Nobody know what happens ten years from now either. It doesn't matter that the USD have been more secure or that having a central bank have helped stabilize the currency. In the long run, ten year? who knows.
Point is that Bitcoin is as solid an investment as many other things that are backed by governments.
I am willing to be that crypto will be around much longer than many states and so I am keeping that in mind when I invest.
I only invest long term and crypto like the US stock market is for me long-term winners. I could be wrong but today bitcoin isn't more fragile than many other currencies out there.
- Spooky23 9y agoYou're not investing, you're speculating on a commodity that you do not understand. If your personal investment outlook is dependent on the major world currencies defaulting, you have a problem. Play with bitcoin, but don't bet your fortunes on it.
- ThomPete 9y agoI am betting on bitcoin and blockchain being important in the future just like I am betting on a given stock to do well in the future because of the way I believe the world is going. The major world currencies do not have to default for that to be a reality so not sure why you portray it as if that's what I said. All investments come with a risk the longer your perspective the less the risk depending on which asset we are talking about. Bitcoin/blochain is one of those that will be less risky over time unless the world moves in an anti-technology direction and I don't see that happening.