While I was aware of bitcoins for a while, I never got into them except to exchange funds with sports books. As I built up a reserve of BTC, the price went up, so I became a BTC investor. BTC to me is a valid currency platform because you can use it to purchase a lot of things (other than funding sports books). Recent activities like in Japan add to the legitimacy as a currency.
But I wonder about the other cryptocurrencies. What good are they, other than a speculative vehicle. The most analogous to cryptocurrencies to me is art, neither has any particular use, other than to purchase and hold in hopes of the value appreciating (OK, you can look at a piece of art and say that’s beautiful but then you’re done).
With this view of cryptocurrencies, I’m concerned the bottom could easily fall out for them. That’s with the exception of BTC which I believe will survive. What’s wrong with my thinking
But I wonder about the other cryptocurrencies. What good are they, other than a speculative vehicle. The most analogous to cryptocurrencies to me is art, neither has any particular use, other than to purchase and hold in hopes of the value appreciating (OK, you can look at a piece of art and say that’s beautiful but then you’re done).
With this view of cryptocurrencies, I’m concerned the bottom could easily fall out for them. That’s with the exception of BTC which I believe will survive. What’s wrong with my thinking
