Should You Buy Bitcoin Right Now? Don’t Be Stupid

I don't mention the costs of carrying because I always pay my credit card off every month. Along with 60% of the rest of the population.


But as for you opinion on this subject...Well...It's stupid.

Post a link to verify that 60% thing; I'd like to see that. Break it down by age too.
 
Post a link to verify that 60% thing; I'd like to see that. Break it down by age too.

I'm not breaking down shit for you. You got google. Do it yourself.

Here a graph with a source named. Pretty easy to find.

creditcarddebt.png
 
"There were more than 710 cryptocurrencies available for trade in online markets as of 11 July 2016 and more than 740 in total[1] but only a few dozen had reached a market capitalization above $10 million above as of early 2017."

They can't all become a generally accepted, medium of exchange.

Why are there so many? Are they competing? Why would Bitcoin have a better chance of succeeding than the others other than market capitalization? The Bitcoin brand?
 
"There were more than 710 cryptocurrencies available for trade in online markets as of 11 July 2016 and more than 740 in total[1] but only a few dozen had reached a market capitalization above $10 million above as of early 2017."

They can't all become a generally accepted, medium of exchange.

Why are there so many? Are they competing? Why would Bitcoin have a better chance of succeeding than the others other than market capitalization? The Bitcoin brand?

That's like saying there are now 10 million sellers on amazon, but only a few make serious money---

Anyone can create a cryptocurrency. I believe bitcoin and etherium are the backbone of the network.
 
I'm not breaking down shit for you. You got google. Do it yourself.

Here a graph with a source named. Pretty easy to find.

View attachment 173764
According to the Boston Fed.... only 35% of people pay them down.
http://time.com/money/4213757/average-american-credit-card-debt/

So.... not only are you wrong paying for a $4 cup of Starbucks with your phone like you're cool...anxiously awaiting your $.08 back at the end of the month... but it appears your figures are wrong too. The above chart means nothing. How many households don't have a credit card? You gotta dig deeper son. Use your brain.
 
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