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Whilst I agree that it is a sinkhole, I also hold a fraction of a bitcoin just-in-case I am totally wrong! I don't want to say to my kids, "in my day you could

• deleted 8y ago
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• briandear 8y ago
  The other side is that you paid $7,000 for a pet rock.
  • adsfasdfsad111 8y ago
    My 7X year over year gains disagree with you ;)
  • jimnotgym 8y ago
    > a fraction of a bitcoin Significantly less than $7k worth. I paid £30 for a framed print and that sits on the wall doing nothing (it's resale value is probably a fiver on ebay), I have even bought a particularly pleasant rock on more than one occasion, pet or not. I have no use for them. Some are sat on the side because I like to look at the impressions of the creatures who died in it. Some are embedded in my wife's engagement ring (a pointless piece of bent metal), I'm not sure I get any value for them any more since we are married. Why do we ascribe value to anything? I have a piece of paper in my wallet with a picture of the queen on. It's just a piece of paper, yet if I take it to the shop they will swap it for food! If I take it to the bank they will swap it for a number in a database (woop). Yet if I have a big number in that database or a lot of those special pictures I become a Big Man in society. Yet, through no fault of my own, if I wanted to swap those pieces of paper for pieces with dead US presidents on, I would get 20% less than I would have 2 years ago! It would be worse but the value of dead-president-paper is not as high as it was. Holding Queen-paper or Dead-president-paper sounds like a huge risk.