General Discussion
In reply to the discussion: If You Have Investments in Anything Related to AI, Start Unloading Them. [View all]Norrrm
(3,793 posts)A volatile, unstable, wishful 'currency' with no assets or gov't support backing it.
The big money return in crypto is:::
1. Starting it, hyping it, selling it, and getting out, leaving the
suckers holding the bag.
2. Handling/storing it for others.
...a. Not your own money/crypto. Someone else's money/crypto.
...b. Lots of fraud/money manipulation/theft/lack of regulation.
3. Backed by trust/faith/great promises/optimism... but no
real assets.
4. It can literally disappear and good luck with lawsuits.
------------------
-------------------------------------------
A few have profited by 'investing' but not the majority.
Bitcoin is one of the very, very few that has made profit.
And that is only because people WANT to believe in it.
Even bitcoin has no real assets backing it.
BC is used as a fantastic example of crypto but it is a lucky outlier.