Talk of The Villages Florida - View Single Post - Bitcoin is a Ponzi
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Old 06-28-2025, 07:33 AM
ithos ithos is offline
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Quote:
Originally Posted by Boilerman View Post
I used to think bitcoin was a scam but there is a lot of momentum towards bitcoin becoming mainstream including the US government starting a bitcoin reserve. International acceptance makes it look a lot like gold as an investment. I’m coming around to considering IBIT to help diversify.

It’s probably more speculative than many retirees can stomach. But I do think it’ll continue to grow in acceptance.
But they are risky assets. You don't have anything equivalent to an FDIC for a custodian. You might be able to sue them but good luck with that. What happens if you lose your keys?

Coinbase not safe. I was Hacked and lost money when the BTC left Coinbase Wallet with out my permission. I lost all my money
https://www.reddit.com/r/CoinBase/co...nd_lost_money/