Crypto, your opinion requested.

[Dump1567]

Here’s your melting fiat.

 

[Jeff423]

I think cryptosporidium, and crypto currency are very similar.

 

[22hipower]

Here’s your melting fiat.

View attachment 771987

But did you notice how high the dollar had risen in the months before? Relative to other currencies, over time, the dollar has been the best bet. But I don't really care what we measure assets with, dollars, bitcoins or otherwise it is the assets themselves that have value. If you hold real estate, gold, collectibles, pieces of paper that represent companies, you can always convert them to something else. Crypto, maybe not.

 

[RevV67]

Lot of people mentioning that crypto is based on nothing and tied to nothing. Guess what? That also describes the U.S. dollar! We went off the gold standard a long time ago. Nowadays, the only reason a dollar has any more value than any other piece of paper is because people BELIEVE that it has value. That's it. Just exactly the same as any crypto currency.

The only meaningful difference is that dollars are widely enough distributed and used to have established a stable value in the marketplace. If any of the various crypto currencies ever get widely enough distributed and used to establish a stable value, then they will be no different than any other established currency. (Though at this point none are even remotely close.)

I was going to say this.
There are exceptions, but in general, a thing has value because enough people decide it has value.
Gold, diamonds, dollars, and bitcoin (BTC) are all examples.

I think BTC has great potential, especially because no government can devalue it (governments devaluing their currency is a global problem).

 

[schutz5]

Rev posted my thoughts exactly!
Social convention gives value.
As time marches forward and crypto becomes easier to buy and spend,then social convention cements " value"

 

[Muddyboot]

I was going to say this.
There are exceptions, but in general, a thing has value because enough people decide it has value.
Gold, diamonds, dollars, and bitcoin (BTC) are all examples.

I think BTC has great potential, especially because no government can devalue it (governments devaluing their currency is a global problem).

I will say it very popular with the under 30 crowd where I work, especially with younger males.
Don't know if that means there is a future in it, but it's what I'm seeing.

 

[Rocketmedic40]

I think it’s an interesting modern take on currency, but I’m hardly convinced anything other than digital casino tokens or Chucky Cheese pot metal medallions.

YMMV and I’m not a financial expert, but I am 100% sure that there’s a reason crypto is backed by actual official currency at some level, not good vibes and trust.

 

[Roofuss]

Noooo, thank you !!

 

[ladder13]

Hack away. Don’t worry, we found more coins in the mine.

Crypto exchange Coinbase faces up to $400m hit from cyber attack

The firm says hackers have obtained customer information by paying off employees.

www.bbc.com

$2.2 Billion Stolen in Crypto in 2024 but Hacked Volumes Stagnate

Nearly $2.2 billion worth of crypto funds were stolen from hacks in 2024. In the biggest hack, more than $300 million was stolen from one group.

www.chainalysis.com

https://www.ccn.com/education/crypto/crypto-hacks-exploits-full-list-scams-vulnerabilities/

 

[NYlakesider]

I will say it very popular with the under 30 crowd where I work, especially with younger males.
Don't know if that means there is a future in it, but it's what I'm seeing.

Well one thing I give heavy weight concerns about is Murphys Law. Lots of room for those those truths to come into play!

AKA, do not bet against Mr. Murphy!

 

[rwt1405]

I remember when reading/hearing about Bitcoin "accounts" being "lost", due to the investors having forgotten their account passwords

I took a quick look and it seems that there is (possibly) $100 Billion of Bitcoin "lost", due to accounts being unable to be accessed (and likely NEVER to be accessed again)

Are Your Lost Bitcoins Gone Forever? Here’s How You Might Be Able To Recover Them | Bankrate

While Bitcoin spent the last decade soaring and making millionaires out of many people, other owners of the world’s largest cryptocurrency have missed out. Why? One major reason: they’ve lost access to their account.

www.bankrate.com

Bitcoin Investors Locked Out of Millions After Forgetting...

Investors in Bitcoin who are looking to cash in on their ...

www.complex.com

https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html

If this is how you wish to investor your money, may God be with you

 

[Mike SC Hunter]

NOPE..........NADA

 

[Kevin J.]

As as is all fiat currency.

 

[Muddyboot]

If you have a decent amount of XRP you had a good day today. Watching
to see were this one goes.