Anyone seen this bullshit Bitcoin ad?

[Yo_Mama_Been_Loggin]

Advertised like it's a solid investment. It's a fucking scam.

[Qutzupalotl]

1. Hot air will always be worth hot air.

The dollar is backed by the full faith and credit of the United States, which admittedly is slipping, though not because of the Fed.

[allegorical oracle]

2. Virtual, of intangible value, tailor-made for every grifter, swindler, con artist, sex/drug

trafficker and criminal in the world...plus it's difficult to trace.

Somewhere, Bernie Madoff is spinning in his grave with envy.

[jmowreader]

3. What they're not telling you about all that money printing

Almost all of is to replace worn-out notes. If they print a million new $1 bills, they take $1 million in old ones to an incinerator before they release the new ones.

[William Seger]

4. Other than being useful for illegal transactions, cryptocurrency is just an online gambling game

Cryptocurrency is not, and never will be, an actual currency. First, it lacks the stability that a currency requires. With the dollar conversion possibly changing wildly by tomorrow, both the buyer and seller are taking a risk on every transaction -- either of them might get screwed by a random Tweet or no clear reason at all. And exactly because of that, it also lacks another necessary attribute for a practical currency: nearly universal acceptance in trade.

You don't need to ask for crypto advice from anyone who owns crypto -- it'll always be "buy, buy, buy" so that their own speculation will pay off. That's the only reason for buying it, since that's the only way that it ever will pay off. If you think you can win that game, go for it, but there's nothing cryptic about its unsuitability as a currency OR an investment.

[Norrrm]

5. Drop the word 'bitcoin'. Insert the word 'gold'.

[William Seger]

6. That's another crypto myth -- gold is real and has real value because it has real uses

Crypto has no demand remotely similar to the demand for gold from the electronics and jewelry industries. The demand for crypto is based on EXACTLY one thing: the belief that someone in the future will be willing to pay more for it than you did -- a strategy known as "the greater fool theory" of investing, but I think that's a bit harsh and instead call it online gambling.

[Warpy]

7. HAHAHAHAHA! They must be dying for some new suckers

er, financial geniuses who know how to get rich quick.

[oasis]

8. Klepto, gypto, crypto.