Crypto is the definition of the greater fool theory. It's fine as long as there are buyers but in the end there is always someone left holding the bag.is that all that crypto is good for? making a quick fortune for a select few? i thought it was supposed to be a world-changing new technology for all
You Can Forget About Crypto Now
It's a HUGE ponzi scheme. Stay farrrrrrr farrrrrr away. Invest in lots of juicy stocks! Everyone gets rich from the stock marketyou make a strong case, sir
That's like saying why would i buy a dollar? You don't buy a dollar, same as with Bitcoin. You own it, so you can buy stuff, and transfer money from point A to point B.
The only thing you need to know is that people are quick to talk about their gains but never talk about their losses. You have no idea what their portfolios are composed of. Blindly trusting what anonymous people or social media influencers say online while putting your own money at risk is how you lose it.
The stock market is gambling that old people like to call investing too.
Except stocks represent an ownership of something tangible like a business, while cryptocurrencies don't have any intrinsic value.
Dude everything you post here is trolling.
Except crypto was not supposed to be an investment tool like owning a stock or a debenture or even like playing the futures market. It was supposed to be an actual currency with the ultimate goal of taking over from existing country run currencies but alas it seems to have lost that goal and is a speculative tool that has nothing backing it. This is why every time one of these cryptos goes belly up people lose everything they had in it.
There's so much wrong with this post. The Uphold exchange is where you can buy and sell many crypto coins, and a site where can also get a debit card and buy material goods straight out of your crypto account. So you clearly don't know what you're on about.
It’s an insanely niche transactional method propped up by COVID stimulus checks and being able to easily gamble on your phone.
OK so a person can walk into any random retailer or restaurant and use their crypto directly to pay for my meal? Not having to buy some crypto debit card in advance. What about paying a property tax bill with crypto or a hydro bill?
Again, that was not the idea behind crypto or proto-crypto currencies going back to the 90s. I mean the idea has been around since the early 80s with David Chaum and his Digicash from the mid 90s. It was created to have a non-centralized, untraceable method of sending money and making purchases. To this day even Bitcoin is in a cycle, and has been since about 2018 of bust and recovery, bust and recovery.
This is something that most don't understand. COVID stimulus checks are what DROVE the crypto boom in 2021.
And they did the right thing freezing those accounts. In the end for this to become mainstream it will end up being controlled and regulated heavily by government.
