frame

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

DebateIsland.com is the largest online debate website globally where anyone can anonymously and easily debate online, casually or formally, while connecting with their friends and others. Users, regardless of debating skill level, can civilly debate just about anything online in a text-based online debate website that supports five easy-to-use and fun debating formats ranging from Casual, to Formalish, to Lincoln-Douglas Formal. In addition, people can improve their debating skills with the help of revolutionary artificial intelligence-powered technology on our debate website. DebateIsland is totally free and provides the best online debate experience of any debate website.





Buying bitcoin is now easy, but is that a smart investment?

Debate Information

You can now buy bitcoin and other crypto currency on your mobile witn a few clicks.  But is that a smart investment?  I think it is based on a premise that as per the other debate reminds us of the tulip mania of the 17th century.  
https://apple.news/ARbJnfwV9Rj2r44HHneefiQ
passedbill
  1. Live Poll

    Bitcoin a smart investment?

    10 votes
    1. Yes
      10.00%
    2. No
      90.00%



Debra AI Prediction

Predicted To Win
Predicted 2nd Place
11%
Margin

Details +




Post Argument Now Debate Details +

    Arguments


  • islander507islander507 194 Pts   -  
    At $2700 per bitcoin, with no reasonable explanation, I would stay away. Therr was no reasonable explanation when it was a $1, $500, and now $2700.  
  • love2debatelove2debate 186 Pts   -  
    @islander507, there is no explanation for value of printed currency either.  Our paper bills don't have intrinsic value.  So as long as it is an accepted currency, it becomes supply and demand.  The fact that it is now easy to buy will further drive demand and will put pressure on supply.  Prices may likely go up further, but it will be extremely volatile 
    PlaffelvohfenTreeMan
  • agsragsr 881 Pts   -  
    It is a highly speculative investment. It's value is largely tied to hype and there is no objective model how to value it's price other than supply and demand.  Nothing stops it from going to $10000 or a $1
    passedbill
    Live Long and Prosper
  • passedbillpassedbill 80 Pts   -  
    No, it's a hadn't investment due to security.
  • AlwaysCorrectAlwaysCorrect 279 Pts   -  
    @islander507

    That's kind of the point someone on the other side of it would make.

    It was $1500 and is now $2700 - so if you bought bitcoins when they were $1500 you could now turn them around for an 80% profit by selling at $2700. Something that's volatile, even something that is part of an overpriced bubble that will pop, can be a good investment (for you personally, not necessarily the economy as a whole) if you put your money in and withdraw it at the right times.

    The question is what bitcoin will do in the future. If it will continue to rise and might be $4000 in a few years, making some medium-term investments now would be a smart move. Of course the currency could collapse the day after your invest and you could lose everything. That's what's up for debate.
    agsr
Sign In or Register to comment.

Back To Top

DebateIsland.com

| The Best Online Debate Experience!
© 2023 DebateIsland.com, all rights reserved. DebateIsland.com | The Best Online Debate Experience! Debate topics you care about in a friendly and fun way. Come try us out now. We are totally free!

Contact us

customerservice@debateisland.com
Terms of Service

Get In Touch