I stay away from crypto. 😉
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@Multibagger For what reason?
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•@Redfox77 I don't invest in things that I don't understand and don't have the time to delve into. For me, Bitcoin is an asset with no intrinsic value. But everyone can see that differently. I have the same attitude to crypto as others have to derivatives 😉.
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•@Multibagger I can understand that. That's why I left other cryptocurrencies completely after a short time (a little ETH is still floating around in my portfolio). I like to regularly look at analyses of BTC, which makes the price trend easier to understand. On the other hand, I can't really relate to derivatives yet, although I really try 😉
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@Multibagger Perhaps this will help you: in general, crypto is a bet against fiat currencies, a protection against state surveillance of financial transactions - as with cash, but that is what you would like to abolish - and a decentralized way to trade (peer-to-peer).
In addition, BTC is non-inflationary, as the mining algorithm is mathematically designed in such a way that the number of coins approaches a limit value, but never reaches it - keyword infinitesimal calculation.
Technically, BTC, ETH or XRP, for example, behave like specialized network protocols/layers that are not yet combined in a stack, i.e. are currently running side by side - this is called Layer 1.
In layer 2, a stack/frame is formed, so to speak, which makes it possible, for example, to pay with BTC via ETH and to map the invoice in XRP.
I find that really exciting.
In addition, BTC is non-inflationary, as the mining algorithm is mathematically designed in such a way that the number of coins approaches a limit value, but never reaches it - keyword infinitesimal calculation.
Technically, BTC, ETH or XRP, for example, behave like specialized network protocols/layers that are not yet combined in a stack, i.e. are currently running side by side - this is called Layer 1.
In layer 2, a stack/frame is formed, so to speak, which makes it possible, for example, to pay with BTC via ETH and to map the invoice in XRP.
I find that really exciting.
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•@BeachPlease Nice try. But I didn't understand much from the 2nd paragraph onwards. It's all too mathematical/technical for me.
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@Multibagger Even the old master Buffet has always said this, and apparently he was not always wrong with his strategy.
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•@Nuqqx Why the rebuttal when you admit that you have not understood the arguments? Is that still ignorant or already mentally ill?
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@Multibagger Then the mechanisms of the digital euro may catch you off guard. Just sayin'
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•@BeachPlease What kind of rebuttal? This is the strategy of the stock market legend, if you question Buffet you are ignorant or mentally ill. 😉
I am invested in BTC myself and intend to further expand my position, in my opinion it belongs in the portfolio as an addition.
I am invested in BTC myself and intend to further expand my position, in my opinion it belongs in the portfolio as an addition.
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@BeachPlease then that's the way it is. Probably at least 95% of people in Europe (more likely) would feel the same way.
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