Australia's largest stock trading and investment forum Australia's #1 stock forum

Bitcoin ... (?), page-44

First 44 Last

Share
Profile

Follow
denk12

7,449 Posts.

1

11/01/18

23:20

Post #: 30241880
Share

Originally posted by All4One ↑

Fiat currencies are backed by the GDP of the country and the economic health of the country.
The worth of a currency is the gross domestic product of all the sources of revenue of that country.

Bitcoin and crypto's are backed by what??
They remind me a whole lot of the COMEX gold index. Backed by nothing and is only paper.

Expand

Indeed All4One

When you potential return on your investment is the based solely on value of all other the player's hands (the pot) then you're playing a game of poker, not investing.

Madoff understood this too.

Bitcoin is like this ...
1 Upvote

Reply

Top Stories

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Making money: How many microcaps should be in an investor's portfolio?

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

What each US election outcome would mean for Australian companies & investors

There are more pages in this discussion • 21 more messages in this thread...

First 44 Last