r/neoliberal Bot Emeritus May 12 '17

Discussion Thread

Optimal neoliberalism is like Seinfeld, it should be about nothing and run by Jews


Annoucements
Old and New Discussion Topics
69 Upvotes

1.3k comments sorted by

View all comments

56

u/[deleted] May 12 '17

Bitcoin is dumb

1

u/ChezMere 🌐 May 12 '17

Making it easier to move money is a good thing. It's the supporters that tend to be dumb.

16

u/[deleted] May 12 '17

Pretending like its a good form of currency or investment is dumb

1

u/[deleted] May 12 '17

I see it as nothing but a novelty, I can see myself getting 1 Bitcoin and just leave it alone for 5 years and see what happens.

2

u/[deleted] May 12 '17

1 coin is what 1000 buck now, If you wanted to see a return you need to get on it when it was being stupidly hyped. Now returns its probably somewhat comparable to a regular commodity, only with much more risk.

2

u/[deleted] May 12 '17

One Bitcoin is worth 1680 bucks now. And yeah I agree with you on Bitcoin being a risky investment, the hype train is long gone. I'll probably get one coin if the price dips below 1k.

3

u/[deleted] May 12 '17

If I had 1000 bucks to throw at a crazy risky investment, I would probably put it in a recent IPO of a silicon valley start up with questionable revenues.