Quote:
Originally Posted by jmg
I've been skeptical of crypto since the beginning. Its primary feature is also its biggest weakness and the the cause of its volatility. Nothing that volatile can be used as currency. It's purely speculation now and we're just in the middle of another pump and dump. I invested earlier this year and pulled out with a nice chunk of profit right before it plunged. Writing was on the wall with Musk pumping doge. Watch the same thing happen there. Buy bitcoin now if you want to get on the ride again, but not because it has actual value, but because it's a speculative.
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That's fine, be a skeptic all you want. Same as all those people that predicted the internet will have no impact on society/way of life.
This isn't 2009. It(meaning most Digital Assets*, we're pretty much past calling them currency phase) won't be used for actual currency like the dollar, they are going to solve problems in different industries. Like the cross border remittance area/financial payments($XRP, $XDC, etc) where it is SUPER costly to do these transactions. And product traceability/proof of product/supply-chain management where Vechain($VET) is working(they are even working with and being used by BMW right now).
You guys need to start looking at the bigger picture and not looking at them as straight currencies. But hey, you guys do you......