what say you on this happening this decade?
and what is the deal wifh bitcoin? mining it?
what gives it value?'
also would you invest in glencore stock?
they mine colbalt which is used in batteries
blackrock ceo says its a smart long term play
That's a very good question...I don't think most people understand the risks of being part of an electronic currency system that we can all just be cancelled out of.
It's an extremely dangerous concept. And while the World Economic Forum said that there would be a "currency holder bill of rights" attached to any digital currency...I don't trust them.
As for what gives Bitcoin its value:
Scarcity.
There will only ever be 21 million coins. This is guaranteed by mathematical algorithms that literally guarantee this.
And the entire system is based on there not being enough computing power to defraud the system.
Technically...there MAY be enough computing power in the world to destroy Bitcoin, but that would require Facebook and Google and the CIA, etc, dedicating all their supercomputers to the singular goal of destroying it...if it's even possible at all.
The blockchain ensures this.
That being said, I'm a little more bearish on Bitcoin now.
With all the current global instability, I don't want to take risks at all
I encouraged everyone to invest in Bitcoin from around 2015 through to January of 2017. No one listened, but they should have.
As for right now...there is still money to be made, but if you're going to invest in crypto, just don't go overboard.
I would still recommend anyone invest $10-15 per week.
Anyone who did this since 2017 [when I stopped taking bigger risks] could have still made 2-10x returns on that cash, easily.
But I would hate to encourage anyone, and for Bitcoin to fail.
It's just getting a bit "bubble-ish", IMO, right now.
