crypto ?

[VitaMan]

Crypto currencies seem to have nothing going for them.


They produce nothing that will increase their value. They just pretend to be a currency. But anyone can create another crypto currency. It would be similar to stuffing your wallet with dollar bills, and hoping one day they will become more valuable.


And now the crooked exchanges where you can buy and sell your crypto are being exposed. They are supposed to safeguard a customers assets. But what they did was lend them out, or use them for their own benefit.

[Fizley]

The crypto bugs have all quietly gone away.

Haven't seen a crypto post in awhile saying it a great investment. A cool investment it was, but definitely reminded me of the NASDAQ darlings:Eron, worldcom, and several other hyped tech darlings of the 1999 era.

[Hannahloe]

I think the problem with crypto is that they attempted to rethink the way money works, but ended up recreating the same system. I think it’ll be interesting to see if there’s a way for it to remain relevant outside of the criminal underground through this economic downturn.

[Jackie S]

Here’s the problem with Crypto.
It does not have this…….

https://www.eccie.net/attachment.php...1&d=1669919277

[VitaMan]

Maybe this weekend I will print up some stock certificates.


People can buy them. No business is planned. In fact nothing is planned. They can just be traded with others, and that will increase their value.

[Fizley]

Crypto was dependent on cheap $$ and someone behind you with cheap $$ willing to pay more for your investment.

Cars suffered the same fate, there were more $$ chasing cars which drove up the demand and prices.

Now that the cheap $$ have been spend we are seeing a correction on used car values and the crypto bubble has popped.

Where it will settle nobody knows, but crypto will survive and have a bright future at somepoint.

[Jackie S]

“Give me $10,000. I’m going to give you this “coin”.

I keep the money.

Good luck.

[catfish2]

In my opinion, you can start investing in crypto whenever you want. I know that there are some periods that are not as great as others, but when it comes to the beginning, you can start even when the rates are low. For example, I always invest in low rates crypto so that when it grows up, I would have the possibility to get some results. On the other hand, I have found a platform that allows me to invest and get money easily and quickly. It is called free GPU mining, and if you have tried mining, you will see it is not as difficult as it seems. Even more, it is much easier than other platforms.

[taylorgodiva28]

Statistics show that a cryptocurrency exchange protocol called DeFi (cryptocurrency versions of traditional banks) has become the main target of hackers in the past 2 years. In 2021, Geometry Dash Scratch DeFi protocols were the source of 72% of the stolen funds, and 21% of all crypto hacks that year occurred as a result of exploiting vulnerabilities in DeFi. This trend will continue in 2022, with 97% of all cryptocurrencies stolen from DeFi protocols.