Crypto, your opinion requested.

[Dump1567]

That's a remarkably enthusiastic outlook. While it's true that traditional finance is engaging with Bitcoin ETFs and blockchain technology is finding more applications, that doesn't translate into guaranteed outcomes or validate every speculative forecast.

The notion of Bitcoin "only going up" and reaching "1 million a coin within 10 years" is a highly optimistic prediction, not an inevitability, and it ignores the asset's history of extreme volatility and significant downturns. Bitcoin, currently around $107,300, is still a long way from such a target, and the path to any high valuation will be fraught with economic shifts and regulatory uncertainties.

Claiming that "everything will probably be ran through Solana and Eth" significantly oversimplifies a complex and competitive technological landscape. There are dozens of other chains and scaling solutions vying for adoption, and the future infrastructure is far from settled, making such a definitive statement unfounded.

And frankly, dabbling in altcoins expecting "3-10X by the end of the year" is more akin to high-stakes gambling than a prudent investment strategy. The vast majority of altcoins are speculative plays with extremely high failure rates, illiquidity, and susceptibility to market manipulation. While stories of early adopters buying Bitcoin for cents and becoming multi-millionaires are indeed part of its history, those are unique, extreme outliers from a nascent, unregulated market. They are not a realistic template for present or future returns, nor do they diminish the immense capital risk involved today.

Finally, stating one is "all in" on any single asset reveals a high-conviction, concentrated bet. While that might feel empowering when things are going well, it fundamentally goes against the principle of diversification, which is the cornerstone of managing risk in any sound investment portfolio. A balanced perspective acknowledges the innovation but confronts the undeniable risks and the pervasive speculation that defines much of this market.

And speaking of significant short-term gains, rapid appreciation isn't exclusive to crypto. We've seen similar or even more explosive short-term rallies in the traditional stock market in a recent two month period: NVDA +60% to +65%, AMD +40% to +50%, VIGL Over +320%, CRWV Over +170%, OKLO Over 120%, DAVE Over +119%

Be "all in" on nothing.
"Past performance is no guarantee of future results"

All true. And that’s why research and conviction in your choices are important. And not “gambling” more than you’re willing to lose.

 

[Puller]

What are the problems they cause?

Crypto data centers are now HUGE, each essentially requiring the output of nearly an entire powerplant because as the computations required to "mine" and track crypto increases so do the power requirements to run (and cool) those computers. They are a stress on the local power utilities, require massive amounts of cooling capacity in terms of both atmospheric and fresh water heat exchange, have enormous back-up power requirements - all of which comes with dedicated infrastructure that cannot/will not ever be used for anything else. They are also very, very noisy. Oh, and lots of associated pollution and environmental issues.

All that for a few hundred construction jobs during build-up and a dozen staff positions after it's complete.

Jon651 hit all the main downsides of a crypto mine except he over estimated the construction jobs and the staff jobs after the thing is running. It's more like a few dozen construction jobs and only two or three on site positions. On top of that a large percentage of them are foreign owned, mostly Chinese communist (they come here because they are banned in China).

 

[ladder13]

I can take a dollar ( agree it’s fiat money) to a store and walk out with an item. Take your crypto coin to the same store and let me know what happens.