See what you should really be investing in is pre-'82 pennies because their copper value is worth more than a cent, so once pennies are decirculated you can melt them down for profit

for the sake of simplicity, it would be best to assume there's only bitcoin right now.

My uncle says invest in lead and gunpowder.

Do what Post Malone said, invest in seeds.

buy a farm

Did you know that when the US discontinued the half penny it had more buying power than the dime does today?

but if you can't buy a farm.. or you don't want silver..

there's bitcoin. internet money. digital scarcity

for more penny facts google "what are more penny facts google? thank you"

I still have zero clue how cryptos work at even the most basic level

simplest of level. it's a database that anyone can download and see all the transactions that ever happened.
security works on better cryptography than your bank account.

you generate an address based on some complicated math. the private key is only known to you and it's what allows you to say: "i own the money on that address, so i can spend it"

Where does the scarcity get it's value though?

cyber vermin

Post Malone looks like a sack of garbage.

when bitcoin was created, it was in the code that there's only gonna be 21 million available ever

when you "mine" bitcoins are created over time until that 21 mil mark

Alright...? And why is it valuable?

we're 3/4 of the way there now

because scarcity

because paypal without asking

permission

So as long as it can be exchanged into USD

it's like paypal and gold mixed together

When you use Paypal, you're exchanging USD.

it can - but like someone pointed out - those are fault points

I've used crypto to directly trade

I want your thing or do some work for me...

you can go through 3rd parties if you want..

I could deposit bitcoin at Quadriga and have it sent to my bank account directly

but at that, you have to find someone willing to accept Crypto.

if Quad doesn't want to play, I can go elsewhere

or I can trade it in person like I would a silver coin

there's a huge OTC market. localbitcoin is another option

it connects people

like a buy and sell forum, the website escrows your coins during the deal (holds it so no one cheats)

I think the question we're circling toward is: What value would bitcoin have if it got cucked out of exchange for "normal" fiat?

ok, so..

Bingo

china bans bitcoin all the time

india bans bitcoin all the time