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<blockquote data-quote="FrigidFTSup" data-source="post: 3206349" data-attributes="member: 58894">And I get that about Bitcoin. I may not be deeply read in on it, but it&#039;s something I&#039;ve explored in the past, but I just don&#039;t really buy into it for a few reasons.Actually using it. I know I&#039;ve been joking about how it&#039;s great for money laundering, but that&#039;s it is viewed. Those who accept it aren&#039;t exactly your mom and pop shops. Right now Bitcoin is only good for buying and selling, you can&#039;t use unless you&#039;re buying a whole mess of cocaine or a wife from Russia. It&#039;s more like buying a bond that can crash at any moment than it is currency. Financial institutions run from it like it&#039;s the plague. The President of JP Morgan was interviewed a couple weeks ago about it. You&#039;d think the guy was talking about North Korean arms he was so against it. The same guys who took down the economy are afraid of it? That really makes me want to invest. While I agree completely paper currency is increasingly outdated, it doesn&#039;t put cryptocurrency on deck to replace it in my opinion. It will still be Dollar vs Euro/Renminbi/Yen. And by the way, I know it goes beyond Bitcoin, it&#039;s just the go-to because it is by far the most well known.</blockquote>

[QUOTE="FrigidFTSup, post: 3206349, member: 58894"] And I get that about Bitcoin. I may not be deeply read in on it, but it's something I've explored in the past, but I just don't really buy into it for a few reasons. Actually using it. I know I've been joking about how it's great for money laundering, but that's it is viewed. Those who accept it aren't exactly your mom and pop shops. Right now Bitcoin is only good for buying and selling, you can't use unless you're buying a whole mess of cocaine or a wife from Russia. It's more like buying a bond that can crash at any moment than it is currency. Financial institutions run from it like it's the plague. The President of JP Morgan was interviewed a couple weeks ago about it. You'd think the guy was talking about North Korean arms he was so against it. The same guys who took down the economy are afraid of it? That really makes me want to invest. While I agree completely paper currency is increasingly outdated, it doesn't put cryptocurrency on deck to replace it in my opinion. It will still be Dollar vs Euro/Renminbi/Yen. And by the way, I know it goes beyond Bitcoin, it's just the go-to because it is by far the most well known. [/QUOTE]

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