No one is coming for your unrealized gains
Comments
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Listen closely to the DNC. At their root, today’s Democrats consider our money to be theirs that they let us hold onto various fractions of over time before they confiscate it.
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My issue is it's manipulated all the time, no off button and you could go to zero in an instant since there are no protections or stop trading moments.
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They use it as collateral for leverage plays in dollars.
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OK so there is absolutely not one thin dime backing this "currency". No insurance, no safeguards just bupkis! I'll trust silver, gold, lead and bread. We saw what happened with 'Ol Sam.
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Agreed. I’m no fan of fiat currencies, but they are at least backed by the threat of force. None of the big ones have any sort of physical backup .
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Just that it is rare... that's the only draw…but there is no value to it I can see.
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The draw is its use outside of a traditional banking system. Which is a good reason to like it and for governments to hate and eventually sabotage it once it’s obvious that they can’t compete with it.
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Here's an eight minute video. It starts about one minute in. "Everyone hates Bitcoin before they love Bitcoin."
I can easily see you being a Bitcoin proponent two years from now.
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So what happens when the government bans the use of crypto and has the NSA monitor any US computer connecting to a crypto site? The commie dems would do this in a heart beat to make sure the "rich" are paying their fair share. They already require a crypto statement on every 1040 filed by taxpayers.
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Yes that's the number one problem. Crypto/Bitcoin could have a perfect transaction use case, be a perfect store of value, be backed by some cool mineral that no one has even heard of yet and still be worth nothing overnight by the flip of a switch because it is good.
The irony is that when/if bitcoin is ready to replace the dollar and its value and utility are very high and use case understood and ready to execute, is the precise moment that it will get shut off or sabotaged.
