This might be a bit of a bad question, but I don’t know where to ask to get the least biased responses.

So, I have about $1.000 in Bitcoin that used to be $300 (I’ve put in about $1.500 in various shitcoins before getting those BTC)

I fly drones as a hobby and I was thinking of getting a new system for that amount of money.

  • Sludgeyy@lemmy.world
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    18 hours ago

    Yes that’s a physical asset.

    Silo full of grain is known as a future or a commodity. I might not have the Silo or the grain physically in my possession, but my note says that I own it.

    BTC is a commodity and commodities are very similar to stocks

    BTC just isn’t backed by anything