Crypto currency: What are your thoughts?

[nctnico]

"Cryptocurrency" lemmings. Wow. How money distorts (un)common sense.
Do they not know that the people who ACTUALLY made lots of money from the gold rush, were the merchants, and people selling the panning equipment, etc? Had all these people "investing" (hah!!) in "BitCoin" had their brains turned on, they'd have invested REAL MONEY in Nvidia and graphics cards! DOH!

The share prices of NVidia say you are right!

[pcprogrammer]

"Cryptocurrency" lemmings. Wow. How money distorts (un)common sense.
Do they not know that the people who ACTUALLY made lots of money from the gold rush, were the merchants, and people selling the panning equipment, etc? Had all these people "investing" (hah!!) in "BitCoin" had their brains turned on, they'd have invested REAL MONEY in Nvidia and graphics cards! DOH!

That has some flawed reasoning in it, just like time travel paradoxes. If it was not for the people buying the graphics cards by the millions to do the crypto mining, the shares would not have gone up that much.

And what is REAL MONEY. Company shares are just as virtual as cryptocurrency. Money is a man made concept to make trade easier, and it all went sour when money it self was turned into a product (commodity) and human greed took over to obtain as much of it as possible.

Cryptocurrency is just another way to obtain it, and some people have made "good" money of of it, and others will have lost quite a bit on it. Just as in the stock market.

[SL4P]

It’s all a bit like ‘cloud computing’

Virtualisation is great, but where is your data, and what happens if the cloud server goes away for any reason.

Crypto is great, but where is your investment, and what happens if the repo server goes away for any reason.

It’s looking like religion… blind faith won’t save your soul or life.

[PlainName]

Had all these people "investing" (hah!!) in "BitCoin" had their brains turned on, they'd have invested REAL MONEY in Nvidia and graphics cards!

And lost most of it.

DOH!

That must be you when you checked your nVidia shares today, right?

[SiliconWizard]

Ahah. Meanwhile, I did buy some Bitcoin a few years ago (unfortunately too little, otherwise I'd be rich by now, but I didn't know what to expect). It has had a lot of ups and downs, like with most other cryptos, and with other kinds of investments too anyway, but it has made approx. x20. Let's see how you made that with anything else.

And I'm not talking about moral aspects, or sustainability, or anything else. Just facts. Times 20.

[Someone]

Ahah. Meanwhile, I did buy some Bitcoin a few years ago (unfortunately too little, otherwise I'd be rich by now, but I didn't know what to expect). It has had a lot of ups and downs, like with most other cryptos, and with other kinds of investments too anyway, but it has made approx. x20. Let's see how you made that with anything else.

And I'm not talking about moral aspects, or sustainability, or anything else. Just facts. Times 20.

Semiconductors...  true story 23.5x

[Bud]

It’s all a bit like ‘cloud computing’

Virtualisation is great, but where is your data, and what happens if the cloud server goes away for any reason.

Crypto is great, but where is your investment, and what happens if the repo server goes away for any reason.

What repo server? Cryptocurrencies are decentralized, that is - there is no single server sitting in the boss's basement that may fail. There are thousands of servers all hosting the same copy of the 'repo'. Your investment is in the form of transaction records in those ledgers. Cryptographically signed with your encryption keys. Just do not store your keys on crypto exchanges, which are businesses that are fat targers for hackers and may be run by questionable characters.

[tom66]

Oh please tell me those stupid YT bots that tell you to contact Mrs Samantha Williams on WhatsApp for amazing financial advice are not coming here 

[pcprogrammer]

Navigating through money stress can feel overwhelming, but it's important to remember that there are strategies and tools available to help manage financial worries effectively.

Yeah, buy high and sell low, or no wait was it the other way round. Of course it was, but with the hot air that crypto's represent for most it will boil down to the first option.

Bitcoin went high and now it is falling again.

Best advice is never use money that you can't spare for this kind of bollocks. It is very similar to going to the casino.

But that is my opinion, your mileage may vary.

[Artz]

Navigating through money stress can feel overwhelming, but it's important to remember that there are strategies and tools available to help manage financial worries effectively.

Bitcoin went high and now it is falling again.

Every single bitcoin bullrun has had a 20% drawdown before extending its leg up in a big way.

Those who can't learn from the pattern will sell out for meagre gains or a loss, those who learn it are in for much larger rewards.

[pcprogrammer]

Navigating through money stress can feel overwhelming, but it's important to remember that there are strategies and tools available to help manage financial worries effectively.

Bitcoin went high and now it is falling again.

Every single bitcoin bullrun has had a 20% drawdown before extending its leg up in a big way.

Those who can't learn from the pattern will sell out for meagre gains or a loss, those who learn it are in for much larger rewards.

Until that pattern changes due to something unforeseen and it drops even further, or never goes up again because governmental supervision took over. It is not for nothing that there is a warning for investing that results from the past are no guarantee for the future.