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RE: Bitcoin and Crypto Seen as a Better Investment than Real Estate

in #bitcoin6 years ago

There is one very scary aspect of the whole field of investment in our current society. That is the fact that "investments" are becoming less and less tangible. I think the concept of real "wealth" has been lost and replaced with the accumulation of fiat and other currencies.

At the end of the day the only things that truly have value are are those which are intrinsic. Can you feed, cloth or shelter yourself with crypto? Of course you can (maybe) buy these things with currency, assuming they are accepted by the party doing the selling... but do we not realize that this makes the value of these currencies only speculative? Think about it, how can something be worth thousands of dollars yet not accepted for most items or services?

Your "investments" are only worth what others are willing to pay for them, not what you think they are worth, not what the market tells you they are worth. You may think you own a $500K home, well guess what - in a shit market where no one is buying, your home is worth a big fat zero.

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Yes, it's a speculative value as a means of exchange. Real things matter more. Gold is real, but it's not accepted for most services either ;)

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