If you got in when it was valued at $0.0008 (not a typo), then got out at, or near the peak, $20k, you hit the lotto.

Long ago, it was drummed in to my head that a currency Must serve as a unit of account, a unit of exchange, and a store of value.

So regarding bitcoin, is it a unit of account? Not really, I don’t know if anything is accounted for in bitcoin, but bitcoin is account for in dollars. Is it a unit of exchange? I guess, kind of, I hear anecdotes of people buying stuff with it, but most people holding bitcoin keep on holding it hoping it’ll go up. Lastly, is it a store of value? I dunno, it’s pretty volatile.

Would I buy it? Eh, if someday it falls in to a range that I don’t think is over valued, I might throw a few bucks that way for kicks.

Last edited by El_CuCuy; 07/27/20.