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Sounds like a gamble? So I didn't pay attention to it.QED wrote:Cobra, do you have any thoughts on Bitcoin? Thanks!
It is a good issue for discussion. My opinion. Personally, I will not be bothered with bitcoin.QED wrote:Cobra, do you have any thoughts on Bitcoin? Thanks!
Could that be lost?Your data is in their computers, usually stored in a regional data center close to where you live. Individual companies can also have their own clouds, called private clouds, that employees and customers access, usually over the internet and on their own private networks.Jan. 23, 2017
Cloud data is stored in multiple locations, making it exceptionally difficult to lose. If you ever experience difficulty retrieving your data from the cloud, it can always be retrieved from another data center. Since data center storage is decentralized in nature, it's actually much safer than on-site storage.Jul. 14, 2020
JFR wrote:It is a good issue for discussion. My opinion. Personally, I will not be bothered with bitcoin.QED wrote:Cobra, do you have any thoughts on Bitcoin? Thanks!
Store of value. Unknown.
Speculation. Yup. Both up and down.
With currency, stocks, gold and land, one can get close to putting a reasonable, underlying value on them. I have not investigated bitcoin, but I think it is like Gertrude Stein said about Oakland: "There is no there, there." It is worth what people will pay for it. Is is susceptible to hacking? Probably. One poor guy lost his password, and is locked out of a very large account. Ouch. So you can buy a drink or a meal or other stuff with bitcoin. IMO cash, credit and debit are just fine for that.
Bitcoin. Founded by some mysterious guy, pseudonym Satoshi Nakamoto. LOL Some aspects of it are just a head shaker.
Where is it stored?Could that be lost?Your data is in their computers, usually stored in a regional data center close to where you live. Individual companies can also have their own clouds, called private clouds, that employees and customers access, usually over the internet and on their own private networks.Jan. 23, 2017Cloud data is stored in multiple locations, making it exceptionally difficult to lose. If you ever experience difficulty retrieving your data from the cloud, it can always be retrieved from another data center. Since data center storage is decentralized in nature, it's actually much safer than on-site storage.Jul. 14, 2020
Is that reassuring? Not to me.
I think I would rather bury gold coins in the back yard (for store of value), and then go to the casino, for excitement and speculation.
Store of value. Buy land.
Speculation. The stock market (and futures and forex) is just fine for that. And it is a well-known game, like poker, that can be played with advantage.
Is a bank safe? Some get robbed. Whatever of value is out there, clever people plot to get hold of it, and sometimes succeed. Spread your money out, not all in one basket, or bank, or brokerage, or even country. Are there very clever people trying to figure out how to steal bitcoin deposits/investments? Of course.
For me, bitcoin is just a chart, and a dangerous one at that.
Just imo, as bitcoin is with us for the foreseeable future.
Ha ha ha. Just some trees in the back yard, Cobra. One pear tree. One cherry tree. A plum tree. Gold coins? Not saying. Security cameras out front. Dogs? Not at this time. Any other information is classified. Thanks for the chuckle.Cobra wrote:JFR wrote:It is a good issue for discussion. My opinion. Personally, I will not be bothered with bitcoin.QED wrote:Cobra, do you have any thoughts on Bitcoin? Thanks!
Store of value. Unknown.
Speculation. Yup. Both up and down.
With currency, stocks, gold and land, one can get close to putting a reasonable, underlying value on them. I have not investigated bitcoin, but I think it is like Gertrude Stein said about Oakland: "There is no there, there." It is worth what people will pay for it. Is is susceptible to hacking? Probably. One poor guy lost his password, and is locked out of a very large account. Ouch. So you can buy a drink or a meal or other stuff with bitcoin. IMO cash, credit and debit are just fine for that.
Bitcoin. Founded by some mysterious guy, pseudonym Satoshi Nakamoto. LOL Some aspects of it are just a head shaker.
Where is it stored?Could that be lost?Your data is in their computers, usually stored in a regional data center close to where you live. Individual companies can also have their own clouds, called private clouds, that employees and customers access, usually over the internet and on their own private networks.Jan. 23, 2017Cloud data is stored in multiple locations, making it exceptionally difficult to lose. If you ever experience difficulty retrieving your data from the cloud, it can always be retrieved from another data center. Since data center storage is decentralized in nature, it's actually much safer than on-site storage.Jul. 14, 2020
Is that reassuring? Not to me.
I think I would rather bury gold coins in the back yard (for store of value), and then go to the casino, for excitement and speculation.
Store of value. Buy land.
Speculation. The stock market (and futures and forex) is just fine for that. And it is a well-known game, like poker, that can be played with advantage.
Is a bank safe? Some get robbed. Whatever of value is out there, clever people plot to get hold of it, and sometimes succeed. Spread your money out, not all in one basket, or bank, or brokerage, or even country. Are there very clever people trying to figure out how to steal bitcoin deposits/investments? Of course.
For me, bitcoin is just a chart, and a dangerous one at that.
Just imo, as bitcoin is with us for the foreseeable future.
Agree, agree, agree. By the way, could you tell me your the address of your back yard please. Any security cameras there? Any dogs? Anyone there at night? Thanks.