I believe cryptocurrency are just traps to get people to give up their wealth.
The smart ones will play the game well and get out before it all disappears.
Good point.
Has been my thought that by bitcoin is predictive programming scam. Allow it to rise in value to condition the masses that digital currency is the best thing ever, so that when the Fed moves to digital is will be embraced. Bank of England is already moving toward it.
Like any other investment, only invest what you can afford to lose. I started with $250(240 after fees) which turned into $470. I then cashed out $300 to buy tires for my tractor. That left me with $115(after fees) which is now $150
I have it all in one alt coin, Algorand. The guy behind it is an MIT professor who won the Turing Award in cryptography. Several other team members have PhDs. The business team members have won awards in their fields and have strong backgrounds. The official crypto of the Marshall Islands is using the ALGO as is Canada’s only approved crypto. ALGO has many real world use cases already. It’s not going anywhere imho.
As it is with any investment that rises dramatically...you should be reassessing and reallocating on a regular basis.
But generalizations, such as this crap and what Yellen the Troll is always spouting, are fear tactics. If people move their wealth out of the system, they cannot continue to inflate their currencies.
You can practically smell the crap in their pants; they are terrified of losing control.
I believe cryptocurrency are just traps to get people to give up their wealth.
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It’s a 21st century tulip-mania, but without the tulips. Yes, crypto can technically be used to securely trade, if one can only peg its numerical value to an immutable value.
Prior to 1971, the U.S. Dollar was convertible to gold’ gold being an immutable asset. After that linkage was “temporarily” suspended (50 years and counting); surprise surprise, inflation has run rampant.
I agree. I made some money on some different Crypto and got out. You’ll see with thee Dogecoin pump that the big fish will cash out after Musk does the SNL thing this weekend. The price will drive up and then boom, the whales take their profits.