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Old 05-09-2021, 10:09 PM   #1
Answer
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Originally Posted by uh-oh View Post
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)

Last edited by Answer; 05-09-2021 at 10:16 PM.
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Old 05-09-2021, 10:21 PM   #2
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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.
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