Comment on Opinion | Don’t Get Fooled Again by Crypto
limerod@reddthat.com 3 months ago
I never understood the crypto hype. There was even an article by protonmail detailing its history and all. Yet, I remain oblivious.
Comment on Opinion | Don’t Get Fooled Again by Crypto
limerod@reddthat.com 3 months ago
I never understood the crypto hype. There was even an article by protonmail detailing its history and all. Yet, I remain oblivious.
freedomsailor@programming.dev 3 months ago
Do you know anything about financial markets? It’s there for you to make money out from it. Study and you’ll understand everything you could do with it. Also, on crypto, the hype respects a cycle.
limerod@reddthat.com 3 months ago
I’m at a beginner level in Investments and stock market.
I’m already learning about Investments and stock market. Maybe, once I finish that I could consider this. But, I don’t see much value in crypto so won’t bother.
Perhaps, if my perception changes in the future I could reconsider. Just not in the near future.
freedomsailor@programming.dev 3 months ago
But crypto is just like the stocks: you can buy it because you believe on the project or just because it’s what’s delivering the best results at the moment. Consider cryptocurrencies as a little portion of your portfolio, intended for risk. You can operate it via ETFs, and thus don’t expose yourself to the risks (and benefits) of the blockchains.
BakerBagel@midwest.social 3 months ago
A stock is based on the profits and production of real companies that offer real goods and services. Crypto is based entirely on hype and sunk cost fallacies.
azthec@feddit.nl 3 months ago
Cryptocurrencies are not like stocks, stock is partial ownership of an enterprise which has the ultimate goal of generating more revenue, stocks are not a trading currency.
sonori@beehaw.org 3 months ago
Most people when starting out are, or at least should be, very uneasy about putting money into things with no underlying value or feasible purpose beyond being bought by a greater fool in the future.