Using electricity to run a heat pump is quite a bit different than pure electric heat. Cost-wise.
Pardon for prying, just out of curiosity.
At what price point would you consider buying a bitcoin to hedge against that outside possibility it explodes to ridiculous highs somewhere down the line?
I'm toying with the idea of buying a single coin and tucking it away.
If the price explodes to ridiculous high, so be it. So what? The fear of missing out is driving the current bubble. I wouldn't put a single penny in any of these coins for long term. It's all going to zero IMO.Pardon for prying, just out of curiosity.
At what price point would you consider buying a bitcoin to hedge against that outside possibility it explodes to ridiculous highs somewhere down the line?
I'm toying with the idea of buying a single coin and tucking it away.
I surely see your point. My knowledge of crypto investing is very limited and I would dig much deeper before even considering it.
I have plenty of money in relatively "safe" funds. Losing the price of a single coin (at somewhere near current rates) would not be the end of the world.
At what price point would you consider buying a bitcoin to hedge against that outside possibility it explodes to ridiculous highs somewhere down the line?
Unlike other blockchain projects that try to apply blockchain technology to solve business problems, Bitcoin has no practical applications. In the beginning Bitcoin was intended to be a government-less currency replacement. However, it failed at that, the fees are too high and most people use it as investment, and not as currency. So right now it's only worth as much as people think it's worth. It very well may prove all the nay-sayers wrong yet again and go up in the future, but IMO it's a gamble. If you like gambling, and want to bet on Bitcoin, go for it, so long as you don't gamble with more than you can lose.I'lll do a little more research. Thanks for the input.
I guess when you think about it, it's not any different than stocks. Stocks are not really real, and arn't really a currency. They're just a virtual thing that people pay/sell for what they are willing for.
Tangibility really means nothing, markets are all about psychology and perceived value. A company that makes only virtual products, with only telecommuting employees and virtual office spaces, might be worth more than a company that hand-makes steam-engines.
and you would probably buy ownership of that company via the stock market.
Buying crypto and stocks are not the same at all, except for the attempts to profit from it.
By owning anything you are invested in the supply and demand curve of that thing. I would say that is about as simple as it gets.
Except that some investments also pay dividends. The S&P 500 is currently paying around 2%, more than a bank CD.
Except that some investments also pay dividends. The S&P 500 is currently paying around 2%, more than a bank CD.
Why is virtual even an important distinction.
Is a video game on a physical CD worth any more or less than Steam Key? Money in a bank account vs cash?
Look at the damage caused by gold-mining operations since about 7,000 years ago.
Tangibility really means nothing, markets are all about psychology and perceived value. A company that makes only virtual products, with only telecommuting employees and virtual office spaces, might be worth more than a company that hand-makes steam-engines.
Um...no. Stocks represent a partial ownership of a tangible business entity. Crypto like BTC are completely virtual of no intrinsic value. The only thing tangible about them is the power they have wasted.
If you owned a restaurant at the end of your street...would you call that virtual? If you were 1/13th owner of a local brewery, would you call that “virtual”? Of course not. Doesn’t mean the restaurant or brewery won’t go belly up...but it is not the same as BTC at all.
You're not REALLY an owner though. If you own stocks in a company it does not mean you can just walk in like you own the place. That pen at the counter is not yours it's the company's. The ownership is more of a virtual thing. I own stocks in Bombardier, does not mean I can walk in and start test driving some planes that are sitting ready to be shipped. I don't actually own any of it.
Though I guess if you own more than 51% of a stock you can technically take it over, but I would imagine most companies ensure this can't happen.
software is a tangible product. Lol. Wtf are you saying. hah.
You're not REALLY an owner though. If you own stocks in a company it does not mean you can just walk in like you own the place. That pen at the counter is not yours it's the company's. The ownership is more of a virtual thing. I own stocks in Bombardier, does not mean I can walk in and start test driving some planes that are sitting ready to be shipped. I don't actually own any of it.
Though I guess if you own more than 51% of a stock you can technically take it over, but I would imagine most companies ensure this can't happen.
You're not REALLY an owner though. If you own stocks in a company it does not mean you can just walk in like you own the place. That pen at the counter is not yours it's the company's. The ownership is more of a virtual thing. I own stocks in Bombardier, does not mean I can walk in and start test driving some planes that are sitting ready to be shipped. I don't actually own any of it.
I said virtual, and like I said, I find it a pointless distinction.