Bonsai Nut
Nuttier than your average Nut
I personally like the idea of using it as secured capital on loans, borrowing against your resources while keeping it whole and free to appreciate in value...
Sure... if you can be 100% guaranteed that coins will appreciate in value indefinitely. Otherwise, sounds like an excellent way to lose all of your money - taking hard assets and moving their value into a volatile market with no underlying value. However I understand why hloders keep hyping it to friends and family - if they don't keep the hype going, the Ponzi scheme comes crashing down.
On this thread we seem to be arguing in circles. No one is ever going to convince me (or Warren Buffet, or numerous others) that coins are a reasonable 'investment' since they have no real utility other than anonymity, and no value other than whatever cash the last person in the Ponzi chain has deposited in them. They are fueled by greed - not market fundamentals. There is no question that Bitcoin will come to an end - it has to because it is based on a closed-end tech - the only question is when and how fast the fall will be.
And tell your friends if they are staying in a hotel in Ghana that doesn't take Visa, to find a better hotel.