Quote:
Originally Posted by xQx
Tesla, Facebook, Mining stocks?
It's a complete gamble, it's impossible to calculate it's intrinsic value and it's rising like 17th century tulips. But it's not backed by nothing.
I invested because I withdraw all but a rounding error from my account five years ago. Now I seem to have real money wrapped up in this bubble.
Can't bring myself to buy more, certainly can't bring myself to sell.
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Having almost no investment and having value in it now is different than dropping large amounts of money in now, very different. I put in a bit a while ago, waited for it to double and took out my original investment. Now I am treating it as it is, a gamble. It will either go to a very significant amount and I will cash out or I will lose it all first.
What do you think Bitcoin is backed by?