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You're saying I should buy more crypto?
lol :D
I'm saying invest in skills and community. If you want to make speculative plays in crypto know that you are gambling. It isn't real wealth, but it can be lucrative and can still currently be rotated into real wealth. I'm not sure of the medium term. Short term, lots of volatility to gamble with. Long term, the potential future of money.
Definitely a long term play, you just need to understand that it's going to fluctuate violently and not act emotionally. More power to the people who know how to make gains short term but most people are in over their heads in that arena.
Definitely over most people heads in lots of ways.
It occured to me the other day about Johnny Mnemonic. Don't know if you're familiar. Keanu Reeves film based on a Gibson story. I rewatched a few years back and was struck by how low his data capacity was. Something like 80MB. But what occured to me is that real life Johnny Mnemonics would hold real world value due to an ability to hold crypto pass keys in long term secure storage in their heads and also be able to act as couriers for large sums that need the absolute best security. Never mind that the exchanges can't be trusted, the bloody passwords are a nightmare to remember, which means most will be written down and many will be lost in time.
When I say long term play I don't mean just HODL your crypto/s of choice I mean the technology is very exciting in terms of finance. We could blockchain government and utilities and have genuine fairness and accountability. The dystopian scenario could also play out in which we have Fedcoin and zero privacy and no un-authorised transactions which I'm sure is exciting for a different kind of person.
Short term gains are relatively easy. I see it like sports betting but you don't have to cash out at a loss nearly ever if you are sensible. Because of the volatility there is only ever an opportunity cost. If the market doesn't behave as expected it shortly will. You can set short term positions and make money in your sleep
I'm 1000x long on BTC right now. Short term looking good.
That's pretty much exactly what they're saying. Buy more BTC, guns, ammo, and precious metals.
BTC is a scam like any other crypto. Guns, ammo, and precious metals I can't argue with. Definitely buy them.
BTC is a scam like any other crypto.
Short term it is usury. Long term it will collapse when the internet cables between two large countries go out for 1 day.
A scam how?
In harsh times, gold and silver and gems retain their value.
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