Quote:
Originally Posted by BRAKE!
If I buy bitcoin for $40k today, it's only worth $40k as long as new, eager ppl are willing to invest in it.
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Quote:
Originally Posted by iminhell1
Bitcoin is an investment.
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There's investing, there's speculating, and there's gambling.
Guess which bucket Bitcoin belongs in – not that there's anything wrong with that!
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Here are a couple of thoughts from a well-known
investor by the name of Warren Buffett:
"The answer is we will never buy anything we don’t think we understand. And our definition of understanding is thinking that we have a reasonable probability of being able to assess where the business will be in 10 years."
"Something like bitcoin, it is a gambling token and it doesn't have any intrinsic value. But that doesn't stop people from wanting to play the roulette wheel. The urge to participate in something where it looks like easy money is a human instinct"
Not that there's anything wrong with that!
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