Bitcoin is just like anything else, it depends on how you use it. It's like someone can say broccoli is good, but if the person using it simply jams it in their ears instead of their mouth, it could be detrimental to their health. I'm sure crypto causes all sorts of problems, as well as offering a side hustle as you say. For every winner there is a loser too, isn't crypto a zero sum game? Lots of people are getting rekked now, everyone that bought the spike is getting worked by crypto. It's got it's good points, and it's bad points too. I can see a future where Bitcoin literally dips under one dollar coming up in 6 - 10 years. I just saw the quantum computer story by cnbc, they say the Chinese gov will be able to hack btc wallets within a decade. I dunno it it's gonna make it. It might, just saying it is very risky. I like fiat, it has FDIC insurance in case the quantum computers hack all the banks, there are some guarantees, but in the crypto Wild West there are no guarantees. It's a gamble, good for a side hustle, you're right about that! haha
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Even if Bitcoin was under a dollar and all else being the same it's network it safety I'd still buy it because it's still better than mh own native currency so I don't see the point in price putting me off if the functionality is there
85% of the world lives under currency oppression and would happily switch to another one that can hold its value
Crypto is definately for the developed world where it's about trying to multiply yiur dollars
For me, I can only speak for myself Bitcoin does what it promises and I am happy with that
Oh did I say Broccoli, oh I meant Cauliflour. Haha watch that be the BTC broccoli Botton in on btc now - lol! I would buy it at under a dollar too because the risk / reward would be good again, and at that point in time the devs would finally get it together and release the quantum safety mechanisms. That scenario would be totally crazy, we'll see, Thanks!
From what I saw only non-Segwit addresses would be open to quantum attack so people with those wallets just need to move their funds
I think the quantum computing thing also depends on how big BTC is if it’s a big honey pot sure but I mean it’s easier for me to use that processing power to brute force fiat money, or literally any other crypto
Unless it’s a non-economic actor trying to take it down