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Buying Bitcoin as an "investment" is like buying baseball cards or Beanie Babies as an "investment".
by fucking_tragedy 8y ago
Buying Bitcoin as an "investment" is like buying baseball cards or Beanie Babies as an "investment".
- 21 8y ago10 years later, millions of percents higher, still waiting for the final collapse to zero.
- fucking_tragedy 8y agoThe utility of a Bitcoin approaches zero for nearly all of its purported uses. Unlike financial instruments, the underlying asset represented by Bitcoin has no intrinsic value. Bitcoins are more like tulips, baseball cards or Beanie Babies than actual vehicles for investment.
- garmaine 8y agoI disagree on the nature of bitcoin, but FYI buying collectables can be a good investment strategy: http://money.com/money/4162059/lego-investment-compare-gold-return/ http://money.com/money/4162059/lego-investment-compare-gold-...