re: Warren Buffett says he wouldn't pay $25 for all the bitcoin in the world

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It's a classic house of cards/MLM kind of scam. It will be worth NOTHING in 10 years.

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It has nearly a trillion dollar market cap so to be worthless means it went from 30-40k per coin to almost zero. The only thing that could make that happen is the government.

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I'm willing to bet Buffett and Munger outlive Bitcoin.

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I'll take that action

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10 years ago it was worth $5.05, today it is worth $37,918.38. You can't ignore it.

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Based on nothing but the concept of “the greater fool”.identical to what drove the dot.com bubble, there was nothing of value to support the price levels.

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Then buy some Bitcoin

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I have some but the majority of my crypto is ETH which I have mined off of my gaming PCs.

Well my house "supposedly" increased in value by almost 100% in the last 2 years. I think that's ridiculous. However, I still need a place to live, so I really don't care what someone would pay for it, because I'm not selling.

Now stocks - especially one's that pay dividends - do have a value - the income stream or the balance sheet backing them up. Crypto has nothing other than the next sucker willing to take it off your hands.

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Now stocks - especially one's that pay dividends - do have a value - the income stream or the balance sheet backing them up. Crypto has nothing other than the next sucker willing to take it off your hands.

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Plenty of cryptos offer dividends.

So I just shite on your little 'point' here

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Your house increased in value so they could send out a bigger tax bill.

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yea and insurance too - I thought I was retiring in a few years. I guess maybe I won't.

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However, some cryptocurrencies now pay a "reward," often called a cryptocurrency dividend -- sometimes passively for simply holding the digital currency in a digital wallet and sometimes for taking a specific action. These rewards aren't like stock dividends, which are paid from the excess cash a company generates. Payouts can vary, sometimes being calculated daily or monthly, and they are dependent on the trading volume on a cryptocurrency exchange -- which makes them a variable type of passive income.

Another crypto reward comes from "staking" tokens. Staking tokens is an alternative to mining new blocks of a cryptocurrency. Owners of cryptos can "stake" their coins (basically, lock them up in their digital wallet) for a chance to be randomly selected to create new blocks in the blockchain. The reward is generally based on a number of factors such as the number of coins owned, how long they've been staked in a digital wallet, and the total value of the cryptocurrency in question. Ethereum (CRYPTO:ETH) migrated from a mining system to "proof of stake."

Additionally, a new concept has emerged in blockchain rewards: the "bividend," or a dividend paid in Bitcoin. The penny stock company BTCS (NASDAQ:BTCS) announced it would pay its shareholders a dividend of $0.05 per share payable in Bitcoin, an idea that has garnered interest from crypto investors and that could eventually spread to other companies involved in developing blockchain technology.

One important point to bear in mind is that rewards paid on cryptocurrencies (as well as digital currency obtained by mining) are, on average, more variable than dividends on company stock -- but sometimes pay a higher yield. Crypto rewards are also taxable as ordinary income. By contrast, dividends paid on most company stock are taxed at the long-term capital gains rate. This means most investors will pay a higher tax rate on cryptocurrency dividends.

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Not even close to the same thing.

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Go look it up. Im not here to cure your ignorance. You have shite opinions on crypto because you dont know much about it

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Says the person that needs the next sucker to want to buy his crypto for it keep any value - at all. You're a shyster. You're all going down in one big crash