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A comment on Buffett bashes Bitcoin as nonproductive, thriving on mystique. Parent comment

Re:Buffett bashes Bitcoin as nonproductive, thriving on myst... by Cthulhu_ on Monday May 07, 2018 @11:25AM (#17013429)
It's actually very similar to the stock market, it's just that there's no company backing it and there's no rules. It's why people were warned against investing so much not that long ago.

In Europe meanwhile, investing in the stock market is getting harder and harder, as new european rules (e.g. MIFID II) make any stock broker require to fill in a test and whatnot to prove basic stock market knowledge and competency, plus accept the risk to lose money explicitly.

There's a lot of people that invested money in the stock market they couldn't lose, due to promises of huge returns. Sounds familiar, doesn't it?

[ Parent | on HN ]
Re:Buffett bashes Bitcoin as nonproductive, thriving on myst... by internetman55 on Monday May 07, 2018 @01:25PM (#17014575)
Well I trust the stock market more cause normal people invested in it and not mostly weird internet libertarians who thought Obama was going to take their savings and drug dealers (I'm sure other people were investing in Bitcoin in 2011 but these are the guys I was aware of)
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