Bitcoin

1213 readers

1 users here now

founded 5 years ago

MODERATORS

skywirex@lemmy.ml

Bitcoin Price Tumbles To Six-Month Low, Cryptocurrency Markets Enter 'Panic Mode' (thefreedomproject.pages.dev)

submitted 5 months ago by marvelous_coyote@lemm.ee to c/bitcoin@lemmy.ml

12 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] DerisionConsulting@lemmy.ca 0 points 2 months ago (2 children)

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@aussie.zone 1 points 2 months ago

Why trade when you can HODL?

😉

[–] TomatoGrilledCheese@famichiki.jp -1 points 2 months 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.