• DerisionConsulting@lemmy.ca
        link
        fedilink
        English
        arrow-up
        0
        arrow-down
        1
        ·
        5 months ago

        Just like investing in Magic the Gathering cards, bitcoin is basically a stock that’s significantly harder to trade than other stocks, and has little other use.

        I would advise against buying it.

          • DerisionConsulting@lemmy.ca
            link
            fedilink
            English
            arrow-up
            1
            arrow-down
            1
            ·
            1 month ago

            Just like investing in Magic the Gathering cards, bitcoin is basically a stock that’s significantly harder to trade than other stocks, and has little other use.

            • No1
              link
              fedilink
              arrow-up
              1
              ·
              1 month ago

              Why trade when you can HODL?

              😉

            • TomatoGrilledCheese :saitama:@famichiki.jp
              link
              fedilink
              arrow-up
              0
              arrow-down
              1
              ·
              28 days ago

              @DerisionConsulting @Evil_incarnate There is nothing difficult about it. You have to do KYC on the exchange to meet legal requirements. (assuming you are in The U.S.) You have to do the same with Robinhood and the likes.

              It’s also not a stock. It’s a commodity. It’s best use is as a hedge against the U.S. Government’s debasing of USD.

              If you need evidence of this, the price keeps going up over time.

              You do what you do though.