Aaargh! Stop the bleed!

*Me watching my investments in crypto*

̶i̶̶n̶̶v̶̶e̶̶s̶̶t̶̶m̶̶e̶̶n̶̶t̶̶s̶ gamblestments

Investments in air? I see... I see...

When do we buy crypto? Tomorrow.

Why do we buy crypto? Because it will be cheaper.

When do we sell crypto? When the money is burning a hole in your pocket.

don't tell me no one here sees it as a genuine alternative to traditional banking with a great potential for today and the future?

@webketje I think that crypto cannot solve the problems at hand. It's a futile attempt that only creates even more problems than the ones we already have.

@webketje I do not see it as a general replacement to banking. Any fool can see that it is a technology that favors corporations over individuals.

95% of all crypto will be the end of untraceable income.

"Sorry little Becky, you made over $400 in babysitting money and now you need to file a 1040. Get ready to be audited to make sure you pay every penny to the tax man! BTW did you file for a 1099C?"

I put money in crypto for two reasons;

1) hedge my bets that I won't wake up broke AF if the US dollar collapses overnight.
2) hedge my bets in hoping BC gives me a fat payday.

If you realistically think that this technology is any different from the other thousands of examples that DARPA used to control and kill hundreds of thousands of people with, you're a shill.

Mark my words, the FED will make owning non-approved crypto illegal like they made owning precious metals illegal in 1933 and will force everyone to convert to US dollar based crypto currency.

@webketje maybe if the volatility goes down. But since the whole system is so heavily incentive based at it's core, the volatility will never go down. So no, I don't see it as even a reasonably viable alternative.

Also, OP, speculation isn't investment

@webketje nope. It's a bubble which wastes energy and creates more problems that it was going to solve (but didn't)

Saying that it wastes energy is quite an understatement.
It’s becoming a substantial fraction of the overall global energy consumption. And it contributes to the climate problem.
The idea is great but the practice is too harmful/irresponsible.