Crypto is a Ponzi scheme made from FUD. Nothing more. If you profit from it then you are extremely lucky as somebody lost a heck of a lot of $$$ to make than happen.
Crypto is a really really new market —- expect exchanges to go down, have flash crashes, be complicit in manipulation, have terrible customer services, and maybe even lose customer funds.
I was excited about crypto ~8 years ago and stopped being excited 5 years ago when one guy from the first wave of crypto scammers tried to bullshit my aunt in the rural Austrian alps.
A lot of what crypto is nowadays is pyramide schemes, scams, speculation, get rich quick schemes and so on.
What it isn't is a new way to pay all kind of things quickly, easily and anonymously in everyday live.
I used to be a believer in cryptocurrency, and I still it think it has practical applications, but not as currency. When my credit card got skimmed and the thief started to make unauthorized transactions, I was immediately informed of this, called my bank and eventually got my money back. This is the moment where I realized if I have my all my money in crypto, when it gets stolen or otherwise, I will never get it back.
reply