crypto interest

Phil Mitchell Foden said:
Being a "gullible idiot" has made some people extremely wealthy, for next to no investment.

Your attitude is that of a dinosaur mate, sorry.

There are idiots in the space, and conmen trying to sell crap, but crypto is a legitimate asset class at this point and it's reflected in the market cap now, which is absolutely enormous and growing all the time. It's a volatile space, but it's still in its infancy.

Someone bought two pizzas with 10000 Bitcoin in the early years, to demonstrate its use as a currency. Bitcoin he acquired for next to nothing.

Those Bitcoin he parted with would be worth about half a billion dollars today. Or 250 million dollars a pizza.

The banks are piling into crypto now and while I wouldn't put all my life savings into it, it's still a speculators paradise, it's increasingly a hedge against inflation now and a legitimate long-term holding for cash.

If you want to speculate to try and get rich quick on obscure "coins", you're likely to lose a lot of money. But you can invest sensibly, I don't think there's a hedge fund or bank that doesn't have a small position in crypto now. I was a sceptic for a while, so I understand the perspective, but you're simply naive at this point if you ignore it all now.

Ignoring crypto at this point is equivalent to those who thought the combustion engine wouldn't catch on.
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Gullible idiots or not, this serves to remind us that any currency depends on a sort of religious style act of faith by those who use it. No currency is actually worth anything at all in itself.
 
Check this out, someone sold for 2 grand and that person then sold it for 7 million. I'd be sick as fuck.

Sold0x6611fe0x7b89614.2KΞ ($7.58M)Mar 11, 2021
Soldstraybit…0x6611fe8Ξ ($2,127)Jul 06, 2017
Claimedstraybit…Jun 23, 2017

7 million for this.

punk3100.png
 
Gaudion M said:
I work for a big bank and i can guarantee we are not piling into bit coin. The technology aspect is something all the Banks are piling into but don't confuse the technology and the quality of the asset.

Blockchain and other similar things are very interesting and positive developments that the Banks are looking at.

Crypto assets are dog turd to the professional investor.
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Probably just shitting it then hence trying to stop people from choosing where they spend their own money. Absolute disgrace given they offer basically zero percent and rarely stop betting transactions.
 
Crypto currency is old hat and has a huge carbon footprint with the electricity used mining it. The impact on climate change is going to be grim to say the least!

NFT are the better and cleaner investment.
 
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