Bitcoin and beyond: Five things to know about cryptocurrency

[BNA/LION]

While the possibilities of cryptocurrencies are undeniable, there are also plenty of risks to consider. Read this primer to get up to speed.

https://www.rbcwealthmanagement.com/...m1525718515657

[enjoythemusic]

Like any 'currency' without intrinsic value including Euro, USD, Yen, Real, etc, it is NOT MONEY and just currency built on faith that the next person will 'value' it against some form of goods and/or services, etc.

Been going on for many decades. Check out currency crisis over history and you'll realize the United States of America, for example, is on their third central banking scheme as the first two central bank systems failed. The current Federal Reserve bank has purposefully decreased the buying power of their Dollar Product well over 90% since it's inception, yet that is planned due to 2% devaluation compounded annually (a.k.a. inflation). Prices are therefore not stable by definition due to the Federal Reserve's 2% devaluation target.

Currencies such as crypto (Bitcoin, etc) do not have a centrally-planned 2% annual devaluation scheme. This allows the currency to find true free market value/buying power.

[TC94]

Originally Posted by BNA/LION

While the possibilities of cryptocurrencies are undeniable, there are also plenty of risks to consider. Read this primer to get up to speed.

https://www.rbcwealthmanagement.com/...m1525718515657

Good overview on the topic. Thanks.

We just posted this Op Ed on the topic of bitcoin valuations after Buffett’s comments from the weekend.

https://thecryptocurrencyforums.com/...trinsic-value/

Also there is a thread here on crypto but it doesn’t seem well-received by the TRF community, not that there’s anything wrong with that.

https://www.rolexforums.com/showthread.php?t=542353