To the moon. Were doing it bros!!!!

[uh-oh]

the only one that ever made sense to me was bitcoin, because i don't view it as a way to get rich. im not interested in fast money, watching the market and trading etc. i view it simply as a way to keep the value of the money i have earned.

the dollar has freaked me out for awhile and with covid and the printing of money i got even more spooked and have made an effort to throw 100 bucks into bitcoin whenever i felt i could afford it.

but now im contemplating selling it all. bide dawg might crack down on all crypto, and there is talk of fedcoin.

but yea i never messed with ethereum, litecoin or any of the other newer ones. cuz again im not doing it to make money fast, im just hoping the 100 dollars i put in today, is worth 100 dollars of goods down the line. if its worth more, great. i just know that the rate at which inflation is going any savings account or modest 401k IRA etc ain't gonna keep up

[Answer]

Originally Posted by uh-oh

the only one that ever made sense to me was bitcoin, because i don't view it as a way to get rich. im not interested in fast money, watching the market and trading etc. i view it simply as a way to keep the value of the money i have earned.

This is a perfectly valid outlook, but the major downside to Bitcoin is that it doesn't have smart contracts or many alternative usecases if decentralized finance actually makes waves. It's also not super usable as a currency. But still, bitcoin is solid because it will always be the OG, and if you have money in it, I'd encourage you keep it there. But it's a lower risk/lower reward type of deal at this point (imo). It isn't infeasible that Bitcoin becomes obsolete if the novelty eventually wears off (granted, you've got a LONG time before that could even potentially happen)

[Ouch]

Originally Posted by Answer

This is a perfectly valid outlook, but the major downside to Bitcoin is that it doesn't have smart contracts or many alternative usecases if decentralized finance actually makes waves. It's also not super usable as a currency. But still, bitcoin is solid because it will always be the OG, and if you have money in it, I'd encourage you keep it there. But it's a lower risk/lower reward type of deal at this point (imo). It isn't infeasible that Bitcoin becomes obsolete if the novelty eventually wears off (granted, you've got a LONG time before that could even potentially happen)

Yes, however it is still feasible in the near future.