Crypto is the millennials’ version of “investing” in beanie babies. LOL
I see a future movie on this guy starring Leo DiCaprio.
I still have my pet rock.
The wife watches Dr Phil sometimes which I pass on usually but a while back his show was about crypto. After stating at the beginning of the show he knew absolutely nothing about the subject, sure enough he had 3 millennials on touting what a great opportunity it is and one older man explaining that it could be dangerous and a real risk.
The 3 millennials were exactly what you might think, arrogant, cocky and full of themselves all had this little smirk like they knew something the rest of us don’t.
If they were trying to convince people they should invest in crypto they failed.
At the end of the show after all that Dr Phil said he still had no understanding of it. I’m no real Dr Phil fan but I know he ain’t no idiot.
I can piss my own money away, I don’t need any help from an investment opportunity I can’t make heads or tails of. Lol!
Not true. It’s technology investing, with some unique properties of the cryptoasset class that may add distinct value.
There are revenue-generating, profitable apps and platforms that may be evaluated as one might a stock. There are some trading below book value.
As in the early 00s, there’s still a lot of hype and worthless projects even as high value projects continue to develop.