I have been using crypto since 2017, made plenty of dumb trades which caused me to lose out a lot. Currently my portfolio is about 80% BTC and while the new USA admin seems they may do more damage than good to the crypto space I’m still positive about Bitcoin.
This sub seems like a meme or anti-btc sub mostly. Anybody here who isn’t that way?
I’m not anti btc but not really interested in investments in bitcoin. It’s not what it was designed for and it gives it a bad rep
I mined a bitcoin in like 2011.
And I mean… Depends what you mean by “anti”
Is it a sort of a slot machine you can make short term money off of? If you’re lucky, sure.
Is it a good investment? Eh. I’d argue holding a basket of stocks is better bang for your buck.
Is it a viable future currency to buy a soda with? Hell no.
I could go on and on about this, but I think Steam’s brief experiment allowing cryptocurrency purchases speaks volumes.
It’s money. It’s private property. I’m anti- both of those. But, I am coerced and compelled to participate in a monetary economy. So, as long as we are stuck in this situation I choose to save my money in a form that is the most reflective of my rejection of existing centralized hierarchical institutions and one that I believe can leverage those rather toxic aspects of capitalism to springboard it’s value. Like, you don’t have to be a monetary luddite just because you’re a communist (In fact, some people are communists and socialists specifically because they understand money more intimately and exactingly than most capitalists).
So I’m money negative overall, bitcoin positive within that negative space. I’d be cool if it sucked a bunch of the inflated value out of real estate, though I don’t know if it’ll actually do that. Governments for sure will never allow it to hamstring their ability to raise military funding through inflation as a lot of anti-war libertarians envision.
