Comment on Wife changing money
booly@sh.itjust.works 2 months agoBut if I told you your money was going to be worth half tomorrow, then half again the next every day for the next 16 weeks… You would think shit… Maybe there is a better way to do this.
Doesn’t that happen to most cryptocurrencies?
LifeInMultipleChoice@lemmy.world 2 months ago
Etherium is in question in the post, so never even close. I’m sure people have lost money, but if you bought at the absolute height and sold at the absolute low after it, you maybe could have lost half once. That’s max loss unless you bought every up and sold on every down. In 5 years you’d be down 16%. 1 year you’d be up 31%. It’s volatile but not as much as people make it out to be.
The government and media have always had reason to put people against it and say it’s only used for drugs. Kind of like those fish men we bombed in boats without trial.
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Tar_alcaran@sh.itjust.works 2 months ago
That graph is hilarious. If euros looked like that, nobody would be using them.
prole@lemmy.blahaj.zone 2 months ago
That’s comparing apples to oranges. What you want to compare to Euros are charts for stable coins. Which, for the legitimate ones that are fully backed, are basically straight lines.
LifeInMultipleChoice@lemmy.world 2 months ago
That’s what we have been saying?