peter d asked in Business & FinanceInvesting · 1 month ago

Hi guys dose anybody know anything about bitcoin and is it a good investment any info would be helpful?

6 Answers

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  • kswck2
    Lv 7
    1 month ago

    You do not understand Bitcoin. Few people do. Stay well away from it.

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  • 1 month ago

    Bitcoin is virtual money that you buy with real money.

    Very few people buy Bitcoin for the purpose of using it as money because most merchants do not accept it. For those that do, a premium is required when purchasing. (Costs are higher using Bitcoin.)

    Bitcoin is used as a form of gambling where buyers hope to sell them for more than they paid. Its value fluctuates daily as its novelty and popularity changes. Unlike stock where a business is earning money or a bond that pays an interest amount, there is no reason to expect Bitcoin to make money for you.

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  • Bill
    Lv 4
    1 month ago

    Replace your word "investment' with 'speculation" and you'll have your answer.

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  • Anonymous
    1 month ago

    Its a great way to lose your money.

    Warren Buffett blasts bitcoin as worthless and vows he will never own a cryptocurrency. Warren Buffett trashed bitcoin and other cryptocurrencies as worthless in a CNBC interview on Monday. "Cryptocurrencies basically have no value," he said. "You can't do anything with it except sell it to somebody else."Feb 24, 2020

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  • 1 month ago

    bitcoin is a virtual coin that is made from Nakamoto's dreams. if you buy one, you are keeping one of his dreams. Be careful  , because the value fluctuates based on how interesting his recent dreams are. Right now they are very interesting, and might even double to 20k. that is because he is killing half of the Bitcoins, or all the dreams he didn't like. this is the third time this has happened, and each time the value goes up

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  • 1 month ago

    I don't want to dose anybody. And dose them with what??

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