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Taking advantage of cryptocurrency
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jamest88 said:PalazoGiggy said:I have seen a lot of people who often confuse crypto with Ponzi schemes. I can't get but ponder how buying, storing and selling BTC or other cryptocurrencies like ETH, SOL and XRP is related to Ponzi scheme.
I think it's high time people realize the opportunity in Crypto and tag along. Any thought on this? Feel free to share.Most people have only heard bad things on the news such as SBF FTX etc and won’t do any more research themselves. Been in crypto since 2017 and wish I had bought a full bitcoin. Kicking myself now!Software developer-1 -
jamest88 said:jamest88 said:PalazoGiggy said:I have seen a lot of people who often confuse crypto with Ponzi schemes. I can't get but ponder how buying, storing and selling BTC or other cryptocurrencies like ETH, SOL and XRP is related to Ponzi scheme.
I think it's high time people realize the opportunity in Crypto and tag along. Any thought on this? Feel free to share.Most people have only heard bad things on the news such as SBF FTX etc and won’t do any more research themselves. Been in crypto since 2017 and wish I had bought a full bitcoin. Kicking myself now!Instead it's manipulated by speculators, rampers and criminals amongst others. A money that trebles in value one year and well over halves the next is completely useless as a currency. Nobody with any sense is going to trade in a currency that's so unstable.If it ever stablises it may be interesting. But while you get people who think they'll 5x their investment in 18 months (seriously, see the other thread I linked) the market will just be driven by speculators not those who want to make serious use of it as a currency.2
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