Do you use crypto currencies?
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- Joined
- Jun 21, 2023
No. Crypto is a scam. It's just Boomer rocks for people under the age of 45. I have Millennial money not Boomer money. I can't afford to buy money.
- Joined
- Sep 28, 2022
i once bought weed from a darknet market site using bitcoin but that was almost 10 years ago, i did it mostly as a proof of concept for myself because i wanted to see if it really worked or if the whole thing was an elaborate scam
if i had sat on that little bit of crypto instead using it to buy weed, it would now be worth over ten thousand dollars
i dont think crypto is a good investment though, the volatility is extreme and people are looking to scam each other left and right in that sector
if i had sat on that little bit of crypto instead using it to buy weed, it would now be worth over ten thousand dollars
i dont think crypto is a good investment though, the volatility is extreme and people are looking to scam each other left and right in that sector
- Joined
- Apr 15, 2021
No, whilst it may look like a good idea because fiat currency is going to shit, they are still fiat currencies, despite all the limits on now many coins can be minted, theres usually a bunch of different coins created very month which can be traded with old coins, which is effectively very close to minting new coins. Theres transaction volume which is no where near high enough to be adopted as mainstream currency and for each transaction a bunch of computer math is required to confirm it, which will be reliant on energy prices, which might make the price shoot up (which is good if you own some) but more expensive to use as a currency as transaction fees will go up.
Might be worth holding a little bit (nothing more than you can afford to lose, don't be a reddit nigger and dump life savings/remortgage money into it) in case the price skyrockets for a bit, but it'll probably be like tulip mania and crater not long after.
Might be worth holding a little bit (nothing more than you can afford to lose, don't be a reddit nigger and dump life savings/remortgage money into it) in case the price skyrockets for a bit, but it'll probably be like tulip mania and crater not long after.
- Joined
- Aug 13, 2020
If you treat it as the crazy few percent part of a diverse portfolio it represents an interesting investment, so if you've got some money you don't mind losing just buy some when it next crashes and sell it when it gets rediscovered and starts heading to the moon again (which might be a decade away).
I did this last crash and am in the process of DCAing out of my position. I didn't have much to invest in the crazy column at the time last run but a profit's a profit.
I did this last crash and am in the process of DCAing out of my position. I didn't have much to invest in the crazy column at the time last run but a profit's a profit.