Crypto, your opinion requested.

[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.

 

[ladder13]

Another crypto mine found. They must be everywhere. Maybe there is one in my backyard.

https://www.cnbc.com/2025/09/12/gemini-the-winklevoss-crypto-exchange-pops-in-nasdaq-debut.html

 

[arjay]

I'm still waiting for mine to double..waiting…waiting lol

 

[rockquarry]

I'm still waiting for mine to double..waiting…waiting lol

I have no opinion on crypto. I don't know what it is. I've seen very good results from investing in the stock market. I guess others still do that as well.

 

[arjay]

It's only 5% of my investments.Fun money

 

[ladder13]

It's only 5% of my investments.Fun money

I invested $85 stuck in my Venmo acct in Bitcoin. worth $97.03 a few minutes ago. Woo hoo!

 

[rockquarry]

I invested $85 stuck in my Venmo acct in Bitcoin. worth $97.03 a few minutes ago. Woo hoo!

Profits like that can really transform your lifestyle.

 

[johngalt]

The pro crypto folks say that they are not subject to inflation. yes they are in a couple (at least) ways:

The last I checked, there are over 10,000 different crypto currencies. More are constantly being created. Most are worthless and are likely to remain so. But the world is still flooded with them.

I'll use bitcoin as another example. Supposedly it is immune to inflation because the algorithm means there is a fixed maximum number of bitcoins that can ever exist. But a few years back they 'forked' it - created a new 'Bitcoin cash' token and gave owners of bitcoin an equal number of bitcoin cash tokens.

If you are going to gamble in crypto currency, if you let an exchange hold it, you don't actually 'own' it, the exchange does. You only own it if you hold the key to your wallet.

 

[65-2x2]

I agree, the risk is very high, don't invest anything you can't afford to lose.

It is as safe an investment as putting your money in lottery tickets.

 

[Muddyboot]

It is as safe an investment as putting your money in lottery tickets.

I don't think it's a lottery ticket level investment. So far, my investment is on the
positive side of the ledger. My gut tells me this is not going away as I see finical
institutions and countries coming around to crypto.

The future is uncertain, but sometimes in life jumping early does pay off. Again
do your research as you would any investment.

 

[Legendarylawman]

"Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. It involves vast, decentralized networks of computers around the world that verify and secure blockchains – the virtual ledgers that document cryptocurrency transactions. In return for contributing their processing power, computers on the network are rewarded with new coins. It's a virtuous circle: the miners maintain and secure the blockchain, the blockchain awards the coins, the coins provide an incentive for the miners to maintain the blockchain."

Translation=Ponzi scheme................

 

[mojave30cal]

Well, you can't hold it in your hand. Prefer precious metals. No counter party risk.

 

[glenwolde]

It seems to be gaining legitimacy. If everybody believes it has value, then it does, just like the U.S. Dollar. The big fly in the ointment is that they expect that in a few years advancements in Quantum Computing may be able to "break" the Blockchain. But the technology is not there yet. The Crypto Bros are developing Quantum-resistant algorithms. How that works out nobody knows.

Keeping a small amount (max 5%) in crypto as an allocation to non-correlated asset may make sense. At times it correlates with things but its correlation can change. You could just buy the stock of crytpo-related companies. Crypto is very volatile. It doesn't make sense for me but if I was younger it might.

 

[THE PILGRIM]

Probably not!

 

[NYlakesider]

It seems to be gaining legitimacy. If everybody believes it has value, then it does, just like the U.S. Dollar. The big fly in the ointment is that they expect that in a few years advancements in Quantum Computing may be able to "break" the Blockchain. But the technology is not there yet. The Crypto Bros are developing Quantum-resistant algorithms. How that works out nobody knows.

Keeping a small amount (max 5%) in crypto as an allocation to non-correlated asset may make sense. At times it correlates with things but its correlation can change. You could just buy the stock of crytpo-related companies. Crypto is very volatile. It doesn't make sense for me but if I was younger it might.

I'm in a hundred percent agreement with the bolded above!

 

[arjay]

Just like gold and silver it's a hedge against the falling dollar. Institutional buying has convinced me that bitcoin has value. The rest are very speculative for now

 

[glenwolde]

Just like gold and silver it's a hedge against the falling dollar. Institutional buying has convinced me that bitcoin has value. The rest are very speculative for now

...and just like precious metals you have custody issues. With crypto how do you hold it? Directly through self-custody? Through an intermediary? Most won't do the work to hold it direct. Plus you have a risk of losing the key. There's no password reset on that! They estimate that 20% of Bitcoin is lost forever due to lost keys. Witness the guy that wanted to pay to have an entire landfill dug up to find his key.

Through an intermediary? There certainly have been problems with them. Then there's Treasury Companies or funds. The ETF's are probably the easiest and safest, though I'd pick a spot ETF rather than a futures ETF.

You have similiar problems with precious metals, Holding the physical subjects you to very wide spreads at retail. For a small amount it's fine but holding a six-figure sum in physical metal in your closet? No. There's mining companies but they don't always correlate well. ETFs that hold the physical in a vault are the simplest.

Even though I don't entirely trust ETFs either due to the third-party risk they entail. But in these cases they are probably the best choices.

 

[OutAtTheEdge]

I trust cryptocurrency exactly as much as I understand it.

 

[rockquarry]

ETFs, quantum resistant algorithms, quantum computing, "blockchains"... Anyone have any idea as to what all that is? What about a simpleton opening a wealth management account where you have knowledgeable folks making a few dollars for you without you having to worry about unintelligible lingo?

It seems some believe dollars aren't real these days. Maybe so, but I've found they spend well and easily. I think others have also discovered this.