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Reply to "If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?"
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[quote=Anonymous][quote=Anonymous]I honestly don’t understand this stuff. Like, what’s the endgame - Bitcoin gets to $1 million? $10 million? And then what? Can you do anything with it other than trade it like digital Pokémon cards? [b]Is it ever going to be used for transactions? If so, why isn’t it already being used for this purpose?[/b] Is it going to replace the US dollar? Why would the government ever allow that, and give up its enormous power, instead of making it illegal? How is it a store of value? A house is a store value because somebody can live in it. Stocks are a store of value because you get a stream of earnings. But what is being stored with Bitcoin? OK, there is a “limited supply,” but so what? If Bitcoin went away tomorrow, what value would be lost except for the money that people have spent buying it??[/quote] It is used for “transactions.”[/quote]
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