I think it's because yhe crypto fans view of things 'really taking off' is in its price rising. There's still no real world usage other than buying drugs, it remains a tool for speculation.
BAX is another www.getbabb.com and already have banking licence and FCA regulatory approval.
which coin? BTC? there are many others. one day you realise the utility of crypto is to fund projects and be traded, that in itself creates utility. most of the financial markets are much the same, turning over trillions of value moving stocks, bonds, currencies around, many times more than the underlying values or economy. crypto created a play pit where anyone can play this game albeit a lower scale. who knows if some of the projects come out with productive solutions (and there are some), its making an awful lot of money along the way.
In some parts of the developing world far more people have mobile phones than access to proper bank accounts. We look at things in a very western/developed world sense.
I have posted real life use cases on many occasions on this thread. People either don't read or don't understand them. I guess from your perspective this will be the case right up to the point where HR announce next months payroll will be in cumrocket. I can assure you this isn't going to happen, so maybe you need not bother yourself with this thread anymore.
yes. that's the point i'm making.
But it was a good investment in what I learnt about myself and other people. Just my opinion, not based on sour grapes or anything, but it still stinks of Ponzi trash to me. The NFT thing turned me right off. People drinking the Kool Aid over there.
I have a few grand of various coins so I'll read what I want, cheers.
Firstly apologies for not answering the question. I think it is missing the point.
| High Inflation Nations (Jan 2024) | |
|---|---|
| Country | CPI inflation% |
| Venezuela | 189.8 |
| Zimbabwe | 26.5 |
| Argentina | 211.4 |
| Sudan | 71.6 |
| Turkey | 64 |
I am pretty sure I posted on here when my portfolio was down 78% and there have been many posts where people have taken big hits. I think a lot of people like @GloryDays above cut their losses and moved on.
i had a large unrealised loss from the top last cycle, but having put very little in probably not what you are thinking of. there are plenty of failures, usually from exuberance, overconfidence or mis-timing the market (buying at the top).
not if you buy on the secondary market. you are providing liquidity to that market, an exit for the other holders. most the markets are trading and producing this liquidity, not the initial captial raise. the utility is the market, without which it would be more risky to provide the initial capital.
So are you buying drugs?
