Bitcoin is around $6k... why is nobody talking about this?

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
Topic Author
fatFIRE
Posts: 346
Joined: Sat Feb 15, 2020 10:44 pm

Bitcoin is around $6k... why is nobody talking about this?

Post by fatFIRE »

I truly, really thought Bitcoin would be the next gold and safe haven.

But in this crazy corona-time, Bitcoin is down back to $6000. Why? And GLD has dropped only 5%.

For context Bitcoin went to $12k earlier in 2019, and $20k during the bubble just before it popped.

I'm glad I procrastinated buying bitcoin, I own zero coins.
Last edited by fatFIRE on Thu Mar 12, 2020 2:56 pm, edited 1 time in total.
User avatar
Ramjet
Posts: 439
Joined: Thu Feb 06, 2020 11:45 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Ramjet »

When was the last time it was 6,000
HippoSir
Posts: 130
Joined: Tue Jul 03, 2018 2:56 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by HippoSir »

I don't own any bitcoin, but even I am surprised by how dramatically it failed as a hedge against a market downturn.

I think this destroys any left over illusions anyone had about bitcoin as a store of value or a currency.
User avatar
FIREchief
Posts: 5304
Joined: Fri Aug 19, 2016 6:40 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by FIREchief »

I have ignored Bitcoin so thoroughly that I have no idea if this is record high, record low, whatever. What does $6K mean for a bitcoin "investor" (and I use that term very reluctantly....)?
I am not a lawyer, accountant or financial advisor. Any advice or suggestions that I may provide shall be considered for entertainment purposes only.
User avatar
firebirdparts
Posts: 1780
Joined: Thu Jun 13, 2019 4:21 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by firebirdparts »

I'm seeing headlines every day online. I don't click on them, but they're there.

To your point though, gold is collectible rocks. Bitcoin is already the next gold. It's already achieved that. You just don't realize it. This is all you get.
Last edited by firebirdparts on Thu Mar 12, 2020 2:44 pm, edited 1 time in total.
A fool and your money are soon partners
User avatar
Stinky
Posts: 5506
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Stinky »

fatFIRE wrote: Thu Mar 12, 2020 2:36 pm I truly, really thought Bitcoin would be the next gold and safe haven.

But in this crazy corona-time, Bitcoin is down back to $6000. Why? And GLD has dropped only 5%.

I'm glad I procrastinated buying bitcoin, I own zero coins.
I understand that there’s some other big news story out there.

Can’t remember exactly what it is ......
It's a GREAT day to be alive - Travis Tritt
User avatar
Raymond
Posts: 1629
Joined: Mon Apr 16, 2012 6:04 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Raymond »

The Bitcoin cheerleaders on this forum are keeping mum.

And those who aren't fans don't care.
"Ritter, Tod und Teufel"
User avatar
bligh
Posts: 1312
Joined: Wed Jul 27, 2016 9:13 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by bligh »

The current percentage stock market movements are tame compared to how much Bitcoin varies on a slow day.
nocebo
Posts: 17
Joined: Tue Jan 21, 2020 8:39 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by nocebo »

unless you bought puts 4 weeks ago, everything is down. wouldnt touch bitcoin or really anything right now unless youre DCA into it.
peskypesky
Posts: 190
Joined: Fri Mar 08, 2013 8:56 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by peskypesky »

I was surprised to see Bitcoin down too in recent days. It was supposed to be a safe haven, according to the fan-boys.

Why isn't it shooting up?
adamthesmythe
Posts: 3760
Joined: Mon Sep 22, 2014 4:47 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by adamthesmythe »

Ramjet wrote: Thu Mar 12, 2020 2:39 pm When was the last time it was 6,000
We could know this with a mouse-click, but we just don't care.
DonIce
Posts: 1125
Joined: Thu Feb 21, 2019 6:44 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by DonIce »

Dunno why this surprises anyone. If you look at past market drops since bitcoin has been around, any time there is a significant selloff in the S&P500, there's a selloff in bitcoin too. Bitcoin isn't gold, as much as its most fanatical advocates try to pretend that it is. Bitcoin is a very speculative, very risky, zero inherent return gamble. People buy it as a luxury good when they are feeling rich. Soon as the economy becomes worrisome, it's the first thing to be gotten rid off or even forgotten about on some old hard drive.
User avatar
Ramjet
Posts: 439
Joined: Thu Feb 06, 2020 11:45 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Ramjet »

adamthesmythe wrote: Thu Mar 12, 2020 2:48 pm
Ramjet wrote: Thu Mar 12, 2020 2:39 pm When was the last time it was 6,000
We could know this with a mouse-click, but we just don't care.
:|
User avatar
Noobvestor
Posts: 5644
Joined: Mon Aug 23, 2010 1:09 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Noobvestor »

DonIce wrote: Thu Mar 12, 2020 2:49 pm Dunno why this surprises anyone. If you look at past market drops since bitcoin has been around, any time there is a significant selloff in the S&P500, there's a selloff in bitcoin too. Bitcoin isn't gold, as much as its most fanatical advocates try to pretend that it is. Bitcoin is a very speculative, very risky, zero inherent return gamble. People buy it as a luxury good when they are feeling rich. Soon as the economy becomes worrisome, it's the first thing to be gotten rid off or even forgotten about on some old hard drive.
^^^^^ This. Really, the idea of Bitcoin as a flight-to-safety asset is entirely theoretical and largely nonsensical. It's a volatile asset, relatively new on the field, and when push comes to shove, people flee to other more traditional safe havens, leaving speculative digital coinage behind.
"In the absence of clarity, diversification is the only logical strategy" -= Larry Swedroe
Tellurius
Posts: 131
Joined: Mon Jul 23, 2018 6:42 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Tellurius »

firebirdparts wrote: Thu Mar 12, 2020 2:42 pm I'm seeing headlines every day online. I don't click on them, but they're there.

To your point though, gold is collectible rocks. Bitcoin is already the next gold. It's already achieved that. You just don't realize it. This is all you get.
There are industrial uses for gold. A lot of them. Why does everyone ignore that here?
La nuit semblait profonde. L'hiver interminable.
Unladen_Swallow
Posts: 784
Joined: Tue Dec 10, 2019 6:12 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Unladen_Swallow »

Stinky wrote: Thu Mar 12, 2020 2:43 pm
I understand that there’s some other big news story out there.

Can’t remember exactly what it is ......
:D
"I think it's much more interesting to live not knowing than to have answers which might be wrong." - Richard Feynman
Anon9001
Posts: 682
Joined: Fri Dec 20, 2019 9:28 am
Location: भारत

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Anon9001 »

This is not surprising considering how illiquid the Bitcoin market is compared to Gold. Investors generally flock to liquid safe haven assets in a crisis not illiquid ones. The reason why US Treasuries often rally in crises is because of this reason. I view it as a speculative asset currently due to this.
User avatar
bligh
Posts: 1312
Joined: Wed Jul 27, 2016 9:13 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by bligh »

Tellurius wrote: Thu Mar 12, 2020 2:52 pm
firebirdparts wrote: Thu Mar 12, 2020 2:42 pm I'm seeing headlines every day online. I don't click on them, but they're there.

To your point though, gold is collectible rocks. Bitcoin is already the next gold. It's already achieved that. You just don't realize it. This is all you get.
There are industrial uses for gold. A lot of them. Why does everyone ignore that here?
Also it is beautiful to look at and hold in your hand. I am not a gold bug at all, but even I have to admit that there was a certain allure to holding a few of my dad's collection of gold coins in my hand. The weight, the shine, the sound they made when they clinked together. Very satisfying. It felt valuable in the same way a piece of art feels valuable, or a finely crafted watch.

There is a reason pretty much every civilization has held it in esteem in one way or another for decorative purposes or as a store of wealth. It is the same reason precious stones, and beautiful shells or pearls have value.
bryanm
Posts: 333
Joined: Mon Aug 13, 2018 3:48 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by bryanm »

Tellurius wrote: Thu Mar 12, 2020 2:52 pm
firebirdparts wrote: Thu Mar 12, 2020 2:42 pm I'm seeing headlines every day online. I don't click on them, but they're there.

To your point though, gold is collectible rocks. Bitcoin is already the next gold. It's already achieved that. You just don't realize it. This is all you get.
There are industrial uses for gold. A lot of them. Why does everyone ignore that here?
Because the value of gold is not driven by demand for industrial uses, or demand for jewelry. Thus, industrial use and jewelry are not drivers of value.

"The decision to buy gold is rooted in behavioral biases associated with gold’s history as a currency, a store of value and a safe haven." So gold is a safe haven because everyone thinks it's a safe haven, and has for a long time. That's not true of bitcoin--particularly the long time bit.

(Side note: Gold is a historical store of value for very interesting chemical reasons.)
Gemini1962
Posts: 68
Joined: Sun Jan 26, 2020 5:22 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Gemini1962 »

Not sure why a few numbers on a computer would be worth anything at all? Other than the greater fool theory of course.

I'm putting everything into tulip bulbs.
an_asker
Posts: 2727
Joined: Thu Jun 27, 2013 2:15 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by an_asker »

fatFIRE wrote: Thu Mar 12, 2020 2:36 pm I truly, really thought Bitcoin would be the next gold and safe haven.

But in this crazy corona-time, Bitcoin is down back to $6000. Why? And GLD has dropped only 5%.

For context Bitcoin went to $12k earlier in 2019, and $20k during the bubble just before it popped.

I'm glad I procrastinated buying bitcoin, I own zero coins.
Looks like bitcoin held up better than S&P500! That's an achievement by itself :oops:
User avatar
firebirdparts
Posts: 1780
Joined: Thu Jun 13, 2019 4:21 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by firebirdparts »

Gemini1962 wrote: Thu Mar 12, 2020 3:18 pm Not sure why a few numbers on a computer would be worth anything at all? Other than the greater fool theory of course.

I'm putting everything into tulip bulbs.
Exactly. Bitcoin has totally arrived. This is the end game now. It is behaving exactly like gold.
A fool and your money are soon partners
thx1138
Posts: 1129
Joined: Fri Jul 12, 2013 2:14 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by thx1138 »

Lol. It’s now 4500 a few hours after the OP.
MoneyMarathon
Posts: 992
Joined: Sun Sep 30, 2012 3:38 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by MoneyMarathon »

fatFIRE wrote: Thu Mar 12, 2020 2:36 pm I truly, really thought Bitcoin would be the next gold and safe haven.
Want to hear something really funny?

I protected my $300 funny money in crypto by moving it to cash in February.

I stayed the course with my stocks. :mrgreen:
Momus
Posts: 1023
Joined: Tue Feb 21, 2012 9:23 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Momus »

I think a lot of assets go into firesale mode to cover the loss of equity. Sell stock at a loss, sell something else (gold/BTC) too to ease the pain.
cheezit
Posts: 376
Joined: Sat Jul 14, 2018 7:28 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by cheezit »

Over the last month, the S&P500 is down 27% (ignoring dividends) and BTC is down 54%. Over the same period, gold is down 1% and long treasurys are up 9% (ignoring coupon payments). Bitcoin doesn't look like the new safe haven asset to me.
User avatar
JonnyDVM
Posts: 2262
Joined: Wed Feb 12, 2014 6:51 pm
Location: Atlanta, GA

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by JonnyDVM »

Ramjet wrote: Thu Mar 12, 2020 2:50 pm
adamthesmythe wrote: Thu Mar 12, 2020 2:48 pm
Ramjet wrote: Thu Mar 12, 2020 2:39 pm When was the last time it was 6,000
We could know this with a mouse-click, but we just don't care.
:|
Most of us dismissed crypto out of hand. It’s being tested as a end of the world failsafe and failing miserable. Sorry. People still would rather have a tangible shiny gold rock.
I’d trade it all for a little more | -C Montgomery Burns
bitdocmd
Posts: 125
Joined: Fri Oct 04, 2019 11:24 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by bitdocmd »

fatFIRE wrote: Thu Mar 12, 2020 2:36 pm I truly, really thought Bitcoin would be the next gold and safe haven.

But in this crazy corona-time, Bitcoin is down back to $6000. Why? And GLD has dropped only 5%.

For context Bitcoin went to $12k earlier in 2019, and $20k during the bubble just before it popped.

I'm glad I procrastinated buying bitcoin, I own zero coins.
Bitcoin is on sale. I continue to buy according to my investment plan.

I’m hoping the price goes lower tomorrow when the market reopens. That way I can buy more for cheaper.

Just hoping I time it right for before/after market close.
lgs88
Posts: 467
Joined: Tue Jun 07, 2016 7:48 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by lgs88 »

Man, who the heck was peddling the idea that Bitcoin was going to be a safe haven in the event of an equity crash? And on what data did they base their theory?

My (admittedly limited) contact with people who own Bitcoin has left me with the impression that they view it as a chance to get rich when it appreciates 50x, not as a safe haven. Obviously these people are going to punch out when it plummets the way it has. People are stockpiling toilet paper, for goodness sake. Do they really want to hold digital funny money? Dollar-denominated assets are bad enough!
merely an interested amateur
Northern Flicker
Posts: 6484
Joined: Fri Apr 10, 2015 12:29 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Northern Flicker »

fatFIRE wrote: I truly, really thought Bitcoin would be the next gold and safe haven.

But in this crazy corona-time, Bitcoin is down back to $6000. Why?
No idea why but, given the evidence, you may want to rethink your seemingly firm belief that Bitcoin will be a safe haven. Perhaps it will be some day (though I am skeptical). In any case, unless and until it has a track record of behaving that way, I don’t see why I should expect that behavior.
Risk is not a guarantor of return.
ulrichw
Posts: 109
Joined: Sun Feb 03, 2013 12:17 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by ulrichw »

bitdocmd wrote: Thu Mar 12, 2020 10:30 pm [...]
Bitcoin is for sale. [...]
FTFY
User avatar
Watty
Posts: 20645
Joined: Wed Oct 10, 2007 3:55 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Watty »

.. why is nobody talking about this?
It is a zombie fad that does no know that it is dead yet.
Double Dog
Posts: 66
Joined: Wed Jan 22, 2020 1:45 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Double Dog »

At the current price of $4900, Bitcoin is a screaming buy based on its fundamentals.

:wink:
User avatar
firebirdparts
Posts: 1780
Joined: Thu Jun 13, 2019 4:21 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by firebirdparts »

This is gold;
Image

This is bitcoin
Image

You've made the bigtime and you don't even know it.
A fool and your money are soon partners
Anon9001
Posts: 682
Joined: Fri Dec 20, 2019 9:28 am
Location: भारत

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Anon9001 »

The bitcoin communities are very weird. I do browse them from time to time for laughter and they still view this as a hedge. It has the potential to be one in the future if liquidity improves significantly. I don't see anything magical about Gold that prevents Bitcoin from replacing it other than the fact that it has been around longer and it is tangible. They are both speculative assets. But currently it does not have the liquidity of Gold so anyone who is expecting stock market investors to rush to it is deluding themselves.
User avatar
AerialWombat
Posts: 1758
Joined: Tue May 29, 2018 1:07 pm
Location: Cash Canyon / Cashville

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by AerialWombat »

What’s bitcoin?
Anon9001
Posts: 682
Joined: Fri Dec 20, 2019 9:28 am
Location: भारत

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Anon9001 »

AerialWombat wrote: Fri Mar 13, 2020 1:40 am What’s bitcoin?
Speculative asset that likes to be Gold but fails at it currently. Expected return if it does not go to 0 should be 0% after inflation like Gold.
Anon9001
Posts: 682
Joined: Fri Dec 20, 2019 9:28 am
Location: भारत

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Anon9001 »

Honestly if you think this is bad wait til you see the altcoins. Don't know why anyone would put money in them. Bitcoin is already too much like gambling to me.
User avatar
AerialWombat
Posts: 1758
Joined: Tue May 29, 2018 1:07 pm
Location: Cash Canyon / Cashville

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by AerialWombat »

Anon9001 wrote: Fri Mar 13, 2020 1:42 am
AerialWombat wrote: Fri Mar 13, 2020 1:40 am What’s bitcoin?
Speculative asset that likes to be Gold but fails at it currently. Expected return if it does not go to 0 should be 0% after inflation like Gold.
:wink:
fwellimort
Posts: 451
Joined: Tue Feb 12, 2019 9:41 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by fwellimort »

Stocks pay dividends. And with enough shares, you control companies such as Amazon, Microsoft, Google, etc.
With bitcoins, if I just buy and hold, I get neither dividends nor potential to control large companies such as Amazon.
No thanks. I will stick to stocks and bonds.

As for gold, at least gold is something physical and fun to look at. And has had thousands of years of history as a form of currency.
Even if it loses value, holding gold feels good. And I don't need to depend on electricity to hold gold.
(plus some precious metals such as silver have actual applicable usage in the modern world)

With bitcoins, if current system goes under including companies like Google, who's to guarantee electricity will still there to trade cryptocurrencies.
At least with gold, some idiot will trade it for bread/water for some temporary period.
With bitcoins... mining them requires an entire server. Holding and trading them requires internet/electricity.

No thanks here in Bogleheads.
Here in Bogleheads, we love the fiat currency. Fiat currency buys me bread on the table for now.
And as much as people say fiat currency is all fake and all, it seems protesting against it might result in getting labeled as a terrorist in the US.
Not a personal fan of competing vs a country that invests so much into the military (and not just that, almost all countries globally have ties one way or the other with the US Dollar. Don't need the world's government against me).

That said, the technology behind bitcoins might be of use in the future. :sharebeer
If bitcoins end well, congrats. If not, oh well.
I would say 'invest' in cryptocurrencies with the expectation to lose everything. That's all.
beastykato
Posts: 138
Joined: Wed Aug 05, 2009 8:59 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by beastykato »

Pretty obvious that this would happen.

I don't agree with the bitcoin hate this forum gets. It's certainly a very risky asset and I do own some, but a very small percentage.

I actually made most of my money on it from mining and the big increase in 2017.

It's down no more than the rest of the markets are though. Seems to be in line with everything else.

If we really go into a real recession here Bitcoin will liquidate even further simply because you can't use it easily to buy goods. People will need fiat to pay their bills.

Even if you could buy goods with bitcoin easily.... Let's be honest most people have trouble using computers properly, most people don't even have a clue of how to get their coins on a wallet to spend them. Go out on the street and ask someone about a bitcoin address or a blockchain and watch 99/100 people stare in total confusion.
User avatar
watchnerd
Posts: 5981
Joined: Sat Mar 03, 2007 11:18 am
Location: Seattle, WA, USA

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by watchnerd »

fatFIRE wrote: Thu Mar 12, 2020 2:36 pm I truly, really thought Bitcoin would be the next gold and safe haven.
Why did you think so?
70% Global Market Weight Equities | 15% Long Treasuries 15% short TIPS & cash || RSU + ESPP
dpa789kd
Posts: 23
Joined: Tue Apr 08, 2014 8:35 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by dpa789kd »

This is good for Bitcoin...
Anon9001
Posts: 682
Joined: Fri Dec 20, 2019 9:28 am
Location: भारत

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Anon9001 »

watchnerd wrote: Fri Mar 13, 2020 5:39 am
fatFIRE wrote: Thu Mar 12, 2020 2:36 pm I truly, really thought Bitcoin would be the next gold and safe haven.
Why did you think so?
Both are speculative assets. The only thing differeinating them is one been around for long periods of time and the other is a baby at 10 years. Also I can look at the shiny gold rock in my hands and awe at it whereas with Bitcoin I can't do it. I would not say any significant value should be given to Gold because of that though. The issue with Bitcoins is that it is completely illiquid compared to Gold. if I was a investor with 100 million dollars I could buy tons of Gold via ETF's and Funds and sell it back later for cash easily but I can't do the same with Bitcoin. This is what is preventing it from replacing Gold.
grayfox
Posts: 5569
Joined: Sat Sep 15, 2007 4:30 am

Post by grayfox »

deleted
Last edited by grayfox on Wed Jul 15, 2020 6:07 pm, edited 2 times in total.
bitdocmd
Posts: 125
Joined: Fri Oct 04, 2019 11:24 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by bitdocmd »

Watty wrote: Thu Mar 12, 2020 11:43 pm
.. why is nobody talking about this?
It is a zombie fad that does no know that it is dead yet.
I would say the same for central banks.
User avatar
JoMoney
Posts: 9762
Joined: Tue Jul 23, 2013 5:31 am

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by JoMoney »

Dropping like a rock at some point, and disappearing like a fad that only a small group of people ever really cared about is I think the expectation of many. It's certainly mine. It doesn't feel news-worthy to me when it falls, only when it rises ("who the heck is buying this stuff?").
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
z3r0c00l
Posts: 1740
Joined: Fri Jul 06, 2012 11:43 am
Location: NYC
Contact:

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by z3r0c00l »

Will be on Ebay with the beanie babies soon enough so it is going much lower than 6K. Why are the bitcoin fans not talking about it? Generally people tell you about their smart gambles, not the ones they lose. You hear about bitcoin when it is going well, crickets when it isn't.
Anon9001
Posts: 682
Joined: Fri Dec 20, 2019 9:28 am
Location: भारत

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by Anon9001 »

The best thing to come out of this is people who put money in this slot machine can tolerate stock market volatilty much better than people who don't. It certainly made me care less about the stock market falls. Who knows how it ends up in the end. If it goes to zero I will have to kiss that 1% goodbye.
DelcoEE
Posts: 55
Joined: Thu Feb 02, 2017 9:54 pm

Re: Bitcoin is around $6k... why is nobody talking about this?

Post by DelcoEE »

Is there any reason for an average consumer to own bitcoins to conduct commerce or is purely for speculators/investors ? In other words are there any legitimate merchants (amazon,ebay etc) that would accept bitcoins for transactions and perhaps even give you a discount?
Post Reply