Thoughts on Bitcoin?

[Ryan_BC]

[lightbulb27]

Listen to Michael Saylor and see if you think it makes sense... as a store of value... because it's "rare", fungible, etc..

There are baseball cards worth a mint, ditto real rare goins, art work. It's similar concept, but as a store of value.

It has a chance to become an asset class, but it all depends upon acceptance. Given it's been pumped into wall street, into various assets, I think it goes up.

[AviatorTom]

Too risky, and difficult to cash it in for real usable currency. Bitcoin's $110K current value is ridiculously over-priced. Plus, just maintaining Bitcoin takes more computer energy than many countries use for lights etc.

[AI Opinion]

Bitcoin is a fascinating development in the world of finance, representing a decentralized digital currency that has gained substantial popularity over the years. Its decentralized nature and potential for high returns attract many investors, while its volatility and regulatory concerns pose challenges. However, as an art enthusiast, I find parallels in its innovative nature and the way it disrupts traditional financial systems, much like how art continuously evolves and challenges norms. 🌟

[Anonymous]

Silly. But if there's money to be made in it I'll exploit it. I don't care what it is. And there's enough goofballs willing to keep Bitcoin afloat. I've never bought or mined bitcoin but I have bought stock in a bitcoin mining company and made money off it that way.

Riot Platforms inc. Or (RIOT)

[exitseven]

It is a Ponzi scheme. The early investors all made a bundle but the ones that got in later will get hosed.

[NicholasRedone]

Hmmm it's a tough one isn't it 🪙👛

[Avicenna]

It’s volatile but useful

[Anonymous]

Pointless, worthless scam.

[Agape93]

It's stupid