The current Crypto vs fiat valuation swings are a problem. This is no different from converting one country's currency to another country's currency -- except the Crypto valuation is extremely volatle.

LMAO!
OK man, you're right. I just can't see what you do with those rose colored glasses. My bad. I'll be sure to buy a pair of those at the store that accepts bitcoin... oh wait...

Bitcoin is one of the biggest regrets of my life.

When it first came out, a friend was telling me how this is the future and that I should invest. I was about to buy 100 coins, had my finger hovering over the enter key. Noooo, I didn't do it, I was saving up for something or other, rather than "wasting" the money on an unknown quantity.

Now my old friend travels first class on his many trips, has a Lambo and McMansion all paid off. I'm still working my ass off and for the life of me can't even remember what I bought with the money I didn't spend on Bitcoin.

Wow, I'd look at it more like he won a lottery, maybe that would make you feel better!

There is always the lure of 'smart', early buys of seemingly good ideas. Those who bought into Apple, Microsoft, Intel, etc. regularly beat their chests. Then there is the other group who bought into companies such as Theranos.

agree, the issue is that you can't invest in "block chain" you invest in a particular Cryptocurrency.

like every Ponze scam out there. If you are early on and get out you make lots off money (and if that money was maid off of Bitcoin that means your friend took it out to buy his Lambo....) , If you invest when it comes crashing then you lose out.

That's true. There are public companies you can invest in that are using the blockchain for various things. I'm paying attention to them now too. It's very interesting to watch unfold.

You still didn't produce an argument against.

As for using Bitcoin as currency I have no desire as the tax code is prohibitive.

I believe International trade will drift away from USD and towards BTC. Why would a country want to sell their natural resources for USD that is simply printed out of thin air? On top of that the US is ~30 Trillion in debt. Every dollar in existence is simply a debt note backed by the "Full Faith and Credit" of the United States.

In other words worthless, which is why people trade it for real estate and other hard assets as fast as they can which in turn has created massive asset bubbles.

If USD had value they wouldn't loan it out for next to nothing.

Good luck to you. The crashes will come faster and deeper as we go forward.

The argument against bitcoin is that it has no intrinsic value. It's only worth what the next person will pay for it.
The reason the USD has value is because you can buy stuff with it, some currencies, you can't buy as much, that's why everyone in the world wants USD's.
The reason that loan rates are so low is that they are currently trying to stimulate the economy.

Back around 50k

Brandon, are you in Tulsa? I moved here last spring.

I can only speak for myself and back in June i bought 5.5k in crypto to have a bit of a play and see if i could grow it. Within 6 weeks it was worth 1.8k and still dropping.
At that point i sold it all and cut my losses. If i had held onto a couple of the coins i invested in i would have trippled my money recently, but if i hald onto others it would now be $500. It genuinely is a gamble and a bullrush market.

Considering that this is a forum full of tech nerds, I find it odd that more of us aren’t into the mining side. Seems to be right up most our alleys.

You have to live somewhere where you can get power for almost free to make money. That means some country where bribes work wonders and there isn't much risk of getting caught or a country where you are the owner of a power plant.