Tech, Finance people -- do you own any bitcoin?
One hears that a lot of bankers, traders, PE, HF, and tech bros dig BTC. Let's try to quantify it, shall we? Please only answer if you work in finance or tech.
Yes, and ADA, TRX. BTT, WIN, XRP, NYC and CRPT
Only Ethereum.
Wow!
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Only worth it if you bought in a historical dip. I wouldn't buy right now.
Only Hedera Hashgraph
Of course. If you don't own Bitcoins you have no retirement money.
Nope. And I would never buy crypto, unless I felt like really ripping someone off. There's less risky ways of ripping people off, thank you very much. I don't want to risk being the fool turning the lights off on that scam. Work in fintech.
And why do you think itβs a scam?
Unregulated, easily manipulated, large investors holding millions, biggest of all: It's all intrinsic value. Absolutely no tangible value. And before some brilliant mind comes along and says "but cash is all based on nothing" Define cash. What is currency? It's ownership of a share of government debt at the face value of the currency. Period. What is bitcoin, or any other cryptocurrency? What is the absolute definition of it? Because it is absolutely not currency by definition of currency. That is why bitcoin and cryptocurrency is a scam.
Worked in tech, servicing finance now .. no.. you are pouring $$ in someone else running their rig to keep the network alive. Sounds a lot like tulips. Plus the IRS started the fbar wichhunt on crypto and with alt coins keeping track of what traded for what will be fun. Have you filed yet?
Cryptocurrency is nothing but hype. Blockchain has some good use cases but cryptocurrency is not one of them.
Right. And maybe Fidelity, ICE, and JPM enjoy wasting their time by building crypto capabilities and service offerings.
Everything they are building is backed by dollars. It's just the US dollar with extra steps.
I buy ETH
Amen, brother.
Used to be in finance and am in tech now. Have six figures invested in crypto market.
Welcome. What % of crypto portfolio is BTC, out of curiosity?
ETH is my largest position at over 50% of portfolio, BTC makes up maybe 25% and then 25% to half a dozen or so alt coins.