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Reply to "percent of portfolio in bitcoin?"
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[quote=Anonymous][quote=Anonymous]I tried for five minutes in good faith to understand the case for bitcoin. I couldn’t, so I’m not going to buy any. [/quote] I've read 4 books (two for and two against) and still don't know but lean toward it's better to have money centrally controlled. As an asset, I don't agree. As a speculation tool, I don't agree. As a store of value -- this is where I get stuck and it's very philosophical but I don't see gold as a store of value (or asset) either. Why would BTC be a store of value above and beyond the dollar. Yadda yadda -- it's not prone to inflation because the supply is fixed. But it is prone to inflation -- when it drops in value your spending power decreases -- that's a type of inflation. So what's the point other than anonymity and decentralization? I don't know about you but I like knowing I can file a chargeback or reverse a transaction, which requires a centralized authority of some kind.[/quote]
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