Anyone work at other companies considering doing the same? https://www.cnbc.com/2020/10/08/square-buys-50-million-in-bitcoin-says-cryptocurrency-aligns-with-companys-purpose.html #corpfinance #finance #bitcoin
Good time to buy bitcoins?
If you have none, you should buy a small amount. It’ll incentivize you to learn about it. But don’t buy more until you understand it
I personally buy $50 / week
PayPal would do it, Wait 6 years. P
Crazy how slow old companies are (I should know)
Just get it added to the balance sheet! Almost there https://www.forbes.com/sites/cryptoconfidential/2020/10/25/bitcoin-hits-major-milestone-paypal-embraces-crypto/
Not sure how I feel about Bitcoin. I personally wouldn’t buy it in my own account but at the same time have heard so many success stories. But with success comes many failures.
Yeah it’s very volatile. Typically moves in 4 year cycles that align with halvings. If precious patterns hold, now is a very good time to invest as we just had the halving this year.
How do you feel now that Tesla bought ?
I think it’s worth having a very small amounted invested. I’m curious to know what kind of narrative Square puts out about Bitcoin. What kind of educational materials they provide and what kind of encouragement there is to learn more
Bitcoin will crash in a few years when governments all over the world realize that it is the tool of anarchists. It takes away power from the governments. Countries like India have a huge problem with corruption and black money. It can become the preferred way to pay bribe as it is hard to identify who is paying whom. India is already planning to ban it. Bitcoin is a wet dream of criminals. No government oversight, no one can stop the transactions, anonymous. Wow.
2012 wants their FUD back
What is FUD? Is that some crypto peddler term?
Not to mention 50% of ALL Bitcoins are either stolen or lost. 50%!!!!!!!
You realize this is a good thing for bitcoin holders right? Go learn about supply and demand in Econ 101
Go learn some probability theory cisco. Oh that’s right you won’t be at Cisco if you knew.
People say that BTC will “democratize “ money. I think that’s insane, BTC inequality will likely be even larger. The vast majority of people, who don’t own BTC, will never accept to switch into such new “currency”
Sounds like you haven’t done much studying on this, and read some clickbait news article (not trying to be annoying but that’s where most people get ideas like yours) If you’re curious to learn, I’d suggest reading about the Cantillon effect. You think it’s normal that Jeff Bezos has 100,000,000X your wealth as an employee? It’s not normal, and it’s only enabled through this effect.
I am familiar with the Cantillon effect. Care to elaborate how it’s relevant here? Inflation is clearly a bad thing; but believing that one day a society will switch to BTC (as opposed to creating a crypto-dollar, seems odd). If that came to a vote; only the tiny minority who owns 90%+ of BTC would vote in favor. The Jeff B example is not relevant here, since Amazon is largely a tangible company, cannot be easily replicated. There is only one Amazon, while there are dozens of viable crypto currencies available.
I feel like we're putting a lot of eggs in one basket but the reward would be huge if it pans out.
Only 1% was put into Bitcoin.
That 1% is a lot of money my friend