It's no coincidence that in my circle of business associates, the ones who are most enamored of cryptocurrencies are the same ones who were telling me how great dot-com stocks were in 1999, and how I should get an underwater $500,000 mortgage on my home in 2007 because it would be worth $10 million in a few years.
And yet if you used leverage and took a lot of risk you might be one of the survivors who made millions...it’s maddening. Certainly being contrarian was worth a lot but I have friends who did way better by riding the wave and bailing before the collapse...sometimes by accident, heheh.
So many bears lost their shorts too, heheh.
The Apple and Amazon stock I bought in the late nineties have done just fine. The same with Google. Or Microsoft.
Not being greedy, and selling your losers is a good plan.
Cryptos serve a decent purpose. They will change the way property is transferred. But “journalists” are functional retards, and many freepers are so old they remember reading first editions of Adam Smith.
The government is run by senile communists who just lie about stuff.
A currency where two people can agree on value without a bunch of Bankers taking their cut seems fair to me. If that is silver, gold, Bitcoin, or bushels of corn…I don’t care.