108 upvotes, 6 direct replies (showing 6)
View submission: Don't invest recklessly
It’s a great comment, but that goes for everything in society. If money stops flowing, Everything collapses. That’s all the stock market is is a future gamble. That’s what interest rates are set on. That’s why we have inflation. Because it keeps velocity up in the monetary system. Minor Inflation is not a bad thing. It’s when we have the big dickheads at the top of the pyramid manipulating the system in the big banks gaming the system and government fostering those actions. A real stable currency should be released slowly overtime in accordance with population growth but we all know that greed destroys even a perfect system. I love big coin but I do believe it is an experiment, and a complete mystery as to who the fuck created it! I personally think that it will be around but it will be so valuable that transactions will be difficult to do in and out of that. Kind of the same thing when you invest in a 401K, moving money in and out of it is difficult and takes an act of Congress and usually occurs a huge penalty. That is because they want stability to an extent. I believe there will be another widespread currency that is adopted for day-to-day transactions that will be centralized and government controlled. That is not what I want but I am not stupid and actually believe that government will stand back and let us create our own money. Those fuckers will shut it down so fast. The IRS is already subpoenaed coin base for their transaction records. Regulations are coming. decentralized currency will be great for the micro economies that will emerge with block chain technology
Comment by WorldLeader at 30/11/2017 at 13:31 UTC
128 upvotes, 3 direct replies
Fiat is protected from bank runs by the FDIC, then land and laws, and ultimately weapons. Ain't nobody bailing out bitcoin investors when the music stops.
Comment by awoeoc at 30/11/2017 at 13:44 UTC
100 upvotes, 4 direct replies
Those fuckers will shut it down so fast. The IRS is already subpoenaed coin base for their transaction records.
No one likes paying taxes but let's be real. It's a miracle Coinbase has gone even this far without having to actively report to the IRS. Why should a bitcoin investor keep gains tax free while a gold ones has to pay? If your belief is taxation as a whole shouldn't be a thing, that's a discussion for somewhere else.
Comment by BitGoyim at 30/11/2017 at 21:48 UTC
3 upvotes, 1 direct replies
If one considers the valuations of tech stocks such as Amazon or Tesla or Netflicks over present earning they are similarly speculative to Bitcoin. If not for easy money from the Fed stock prices would not be so inflated now.
Comment by the-berik at 20/12/2017 at 14:15 UTC
3 upvotes, 0 direct replies
Stock market is investing in future benefits from a company. it's not a currency. you invest because you believe in the companies vision, strategy or market. The reason i hear from people investing in bitcoin, is because of its 800% increase. Talk about ponzi. Transaction fees are so high, it's no valid currency to buy a coffee. It started as a cryptocurrency, it became an investment vehicle.
Comment by [deleted] at 05/12/2017 at 22:45 UTC
1 upvotes, 0 direct replies
Minor Inflation is not a bad thing
Said the mainstream economist
Comment by UrbanIsACommunist at 07/12/2017 at 07:57 UTC
1 upvotes, 0 direct replies
A real stable currency should be released slowly overtime in accordance with population growth but we all know that greed destroys even a perfect system
This is just absolutely false. You need to be able to inject liquidity into the economy in times of recession. To do that, you need to be able to make more currency out of nothing.