Comment on Is cryptocurrency good for anything?
early_riser@lemmy.world 2 days agoI was on a forum in 2009-2010 when another member posted asking whether they should get into bitcoin. I found a video pitching it, can’t remember if the poster linked it or I googled bitcoin after reading their post. I said it sounded sketchy and advised against it.
LePoisson@lemmy.world 2 days ago
To be fair there’s a lot of crypto currency that has/still is a scam. Also I’d argue that BTC, and crypto in general, still is being treated as a security that’s backed by thin air. Ie: it’s a speculative asset that doesn’t actually have any value.
There’s nothing really stopping BTC from crashing hard. It’s so wild to me how people treat it.
I could have bought bitcoin too when it was worth pennies but there was no way to know which crypto the whales were going to bet on for the pump and dump. It’s a missed opportunity but rest assured there’s plenty of universes where Bitcoin amounted to nothing.
early_riser@lemmy.world 2 days ago
Oh I’m not losing sleep over it.