You are viewing a single comment's thread from:
RE: Bitcoin - Now See This - Now!
With the economic situation in the world today, I think it makes some sense to have at least a little invested in Bitcoin. I'm not an investment advisor either! Like you said, only invest what you can afford to lose. That's the best advice!
Thank you kenny. I think it is worth a punt within personal limits. I would be more confident to invest - in addition to my Steemit earnings - if i could see some sign of it being taken up by the general public to spend on everyday things in the shops.
In the Bloomberg article, Paul Tudor Jones doesn't say why he thinks Bitcoin will be the winning Crypto horse? Fascinating, but worrying times.
Transaction times need to be quicker before people will be using it to buy things in shops, I believe. But there is this Lightning Network I am hearing about, as well as something called Schnorr Signatures, so when these are implemented we may have what you described. In the mean time, its a pretty good hedge against fiat currency although a lot more volatile.
I think it's a good hedge against fiat because we all know exactly how many Bitcoin are being "printed" every day, and that number halves every 4 years. The latest halving happens in the next few days. Meanwhile, the fiat printing presses go brrrrr, as a recent popular meme reminds us. Paper money is being cranked out at record rates and I don't think that is sustainable. History shows what happens in places like the Weimar Republic, Zimbabwe, and lately Venezuela.
By the way, are you aware of HIVE and did you know you own some? https://peakd.com/@ijavee/wallet
Stay safe and healthy!
Thank you kenny.Oh yes,I'm pleased I have some Bitcoin.It gives me an interest in the technology of the future,albeit on the fringe.
Hive?- that's a case in point.steevec brought it to my notice,and provided a link to join.It seemed to involve installing a Chrome extension,which is when my 'Can't be bothered' kicked in - my concentration and patience limits are much shorter these days I've noticed.
I also see that I have Hive in my Bittrex account. That is where I am with it.
Cheers.
Ivor.
There is an extension but you can also sign in with peak lock at peakd.com using the same name and posting key as on steemit. Just "For Your Information" should you ever want to get in there. Cheers!
Thank you. I will try tomorrow,