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.
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.
@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.
I was also thinking this might be a good opportunity to buy. But what if it plummets further?
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.
And now?
Why trade when you can HODL?
😉
@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.