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<p>[QUOTE="Michael K, post: 4709890, member: 78298"]You can say gold and silver have value and have been used as a medium of exchange, but currently in the US it is ridiculous to accept bitcoin no matter how much it is worth, or that it keeps going up. (and has been mentioned plenty of people bought it at $19,000 when it was hyped that it was going to 40K or 100K.)</p><p><br /></p><p>You can't argue about the stock market if you have no idea what you are talking about. The stock market is a complicated dynamic system with many dozens of different moving parts all going in different directions. It's not one thing "The Stock Market".</p><p><br /></p><p>When the market was low (2008-2009) I had some money to invest and I wasn't even looking at growth, because the money markets which had been paying me a nice return for 25 years were paying nothing. So I invested in drug stocks, utilities, telecom, certain dow stocks on the basis that they were paying a good return.</p><p>Not only did they pay a good return my investments more than doubled/tripled since then. Sure it was luck, but long term it has always gone up. And I have a little cash that I use to buy and sell short term and I have been killing that the last 3-4 years, even through the pandemic. Of course I have made some mistakes, but my batting average is good and I haven't lost money in 25 years. Except of course when I took financial advice from experts, then I always lost money. They don't know anything.</p><p>Do your own research. If your research tells you that BitCoin is a sound investment, then your answer is clear. My research tells me it's just another speculative bubble.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 4709890, member: 78298"]You can say gold and silver have value and have been used as a medium of exchange, but currently in the US it is ridiculous to accept bitcoin no matter how much it is worth, or that it keeps going up. (and has been mentioned plenty of people bought it at $19,000 when it was hyped that it was going to 40K or 100K.) You can't argue about the stock market if you have no idea what you are talking about. The stock market is a complicated dynamic system with many dozens of different moving parts all going in different directions. It's not one thing "The Stock Market". When the market was low (2008-2009) I had some money to invest and I wasn't even looking at growth, because the money markets which had been paying me a nice return for 25 years were paying nothing. So I invested in drug stocks, utilities, telecom, certain dow stocks on the basis that they were paying a good return. Not only did they pay a good return my investments more than doubled/tripled since then. Sure it was luck, but long term it has always gone up. And I have a little cash that I use to buy and sell short term and I have been killing that the last 3-4 years, even through the pandemic. Of course I have made some mistakes, but my batting average is good and I haven't lost money in 25 years. Except of course when I took financial advice from experts, then I always lost money. They don't know anything. Do your own research. If your research tells you that BitCoin is a sound investment, then your answer is clear. My research tells me it's just another speculative bubble.[/QUOTE]
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Sold of My Entire Bullion Collection In Order To Purchase BitCoins
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