Posted on 03/12/2024 9:49:42 AM PDT by Enlightened1
Bitcoin surpasses silver to become the 8th largest asset in the world.
https://twitter.com/WatcherGuru/status/1767141335910257021
Here is a link of 18,000 Assets ranked by Market Cap
my bit coin neclaces are to die for
To it's benefit, it has a huge market presence but it has not been tested for financial security.
It's going to work right up until it does not work anymore, if and when that happens.
What’s the P/E of gold?
There is none. It’s not a stock.
At the end the few still around will be fighting over what’s left in the office postage meters.
currencies are ultimately currencies by dint of mutual agreement (voluntary or forced).
There’s no “return” until you close your position.
Gold has intrinsic and marketable value as a commodity, how does Bitcoin get valued?
—> So nothing backs it?
Not surprisingly, no.
It’s “value” to those who see it is that it is outside the control and backing of the government, it is easy to send to those who accept it outside the financial system, and it can be transported across borders easily.
Not everyone values those things.
But then few own gold or silver.
If you do not understand bitcoin, you should educate yourself about it.
If you are anti bitcoin, you don’t understand it, see the above statement.
If you have money in one or more of the popular brokerages via retirement plans or 401ks, you have some bitcoin already, so again, I recommend you educate yourself about it.
It is the hardest money ever created.
Some great information can be found by searching on YouTube for Michael Saylor, Lynn Alden and Robert Breedlove.
I hear that in Arizona, they found a large bit-coin mine. Digging every day for tons of bit-coins stashed in Mother Earth...
but the silver in my house can’t evaporate...
frankly, it scares me and our money is in our retirement funds and to take them out would be a tax burden....
There’s no “return” until you close your position.
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True. I figure I’ll close after halving and Bitcoin reaches $450K
I hear that in Arizona, they found a large bit-coin mine. Digging every day for tons of bit-coins stashed in Mother Earth...
And you don't need to disclose it annually on your tax returns.
Same here
At least the IRS wouldn't notice.
Does the IRS know I have Bitcoin? Yes, the IRS can track cryptocurrency, including Bitcoin, Ether, and a huge variety of other cryptocurrencies. The IRS does this by collecting KYC data from centralized exchanges.
nope...
Evaporate? It does not expire.
The silver can be seized or stolen.
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