Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

surfered

(6,643 posts)

9. Despite its name, it is not a currency created by the government to facilitate commerce.

Reply to mdmc (Original post)

Thu Apr 17, 2025, 08:38 PM

Apr 17

It is an asset created by people like Big Balls and fluctuates with the whims of the market.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

39 replies

= new reply since forum marked as read

Highlight:

Why don't we all use bitcoin? [View all] mdmc Apr 17 OP

Bitcoin is private enterprise, US Treasury is public. /nt bucolic_frolic Apr 17 #1

thanks for the reply.. mdmc Apr 17 #3

I don't understand how they have any value other than money laundering. I think doc03 Apr 17 #2

The big money return in crypto is::: Norrrm Apr 17 #7

what do you think about my idea of holding bitcoin for my kids? mdmc Apr 21 #12

I admit I know next to nothing about Bitcoin, but people were making millions back doc03 Apr 22 #17

thanks for the reply mdmc Apr 22 #18

I think of bitcoin as a future currency - I plan on leaving my bitcoins to my sons mdmc Apr 21 #11

If you can buy low and they can sell high, go for it. Norrrm Apr 21 #15

Thanks for the reply mdmc Apr 21 #16

If you want to buy NFT's you need ETH womanofthehills Sunday #29

I noticed while doing my taxes that there is now a section on cryptocurrency IcyPeas Apr 17 #4

I've heard that story! mdmc Apr 22 #19

I try very had to avoid scams. -misanthroptimist Apr 17 #5

You can actually buy Bitcoin thru PayPal womanofthehills Sunday #31

I asked your question on DuckDuckGo JoseBalow Apr 17 #6

thanks mdmc Apr 21 #13

No problemo JoseBalow Apr 21 #14

Weird as my transactions took seconds. womanofthehills Sunday #33

Bitcoin is loved by criminals & dark web. Outside of that it's no better than meme stocks like DJT & tRump's scam coin.n Bernardo de La Paz Apr 17 #8

oh my mdmc Apr 25 #21

Wrong - the young love Bitcoin womanofthehills Sunday #34

Your statement does not contradict mine or make it wrong. The two groups can separately love it. . . nt Bernardo de La Paz Sunday #35

Despite its name, it is not a currency created by the government to facilitate commerce. surfered Apr 17 #9

It has no ties to the production of goods and services. I would stay away from it. everyonematters Apr 17 #10

I've had people ask me what the dollar is based on.... A HERETIC I AM Apr 24 #20

US dollar based on US production. Bitcoin based on convenience for shadows, no production, no "store of value". . nt Bernardo de La Paz Apr 25 #22

Wouldn't bitcoin buyers back bitcoin? mdmc Tuesday #23

That they back it does not provide a base. They can sell it down just as easily as buy it up. . . . nt Bernardo de La Paz Sunday #37

Too complicated for now brokephibroke Wednesday #24

thanks for the link mdmc Sunday #25

Dave Troy hannah Sunday #26

Not sure who that is brokephibroke Sunday #38

I have a wallet but you can also buy Bitcoin on PayPal womanofthehills Sunday #36

I don't know how to buy food at the grocery store TheFarseer Sunday #27

Bitcoin are meme stocks that have no real intrinsic value LetMyPeopleVote Sunday #28

It can double or halve in value in a year or less. Shermann Sunday #30

2 yrs ago but still good vapor2 Sunday #32

can you say discover. pansypoo53219 Yesterday #39