Bitcoin [View all]
I've seen it recommended for 18 months. It was gonna grow and grow because everyone is mining it. Mining it takes a lot of computing power and electricity. I still don't understand it. I keep waiting for a Bitcoin ETF. No such animal. If they're producing so much of it, and it's a free payment system, how is it going to go up all the time? Isn't the market flooded?
Is it really a hedge on inflation? Many millionaires will be minted from Bitcoin? Why so many varieties of it?
Is anyone understanding my frustration, skepticism? Why is this so good as an investment, how does it grow, why should I buy it, where can I buy it?
https://www.nerdwallet.com/blog/investing/what-is-bitcoin/
To me it reads like a shadow currency that shadows any and all currencies, and I can't get past the point of asking "Why do I need it? What's the big deal?"
= new reply since forum marked as read