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If it is not a real object, it is a form of pyramid or ponzi, that is, all kinds of money is not the product or real object such as a chair, a shoe, a car, etc.

Money is just an vow to exchange something, and has no value.

But cryptocurrencies are even worse than money, they depend on technology, and in a difficult situation they can't be used, and they are used in money laundering for Russian, Chinese, Italian mafias, ISIS terrorists, etc. Cryptocurrencies are not officially approved by the government, that is, the government may block them, as Turkey did and banned cryptocurrencies, now imagine if USA and other countries do the same ? There's gonna be idiots committing suicide.

If you own cryptocurrencies, I recommend that you take all the cash value of them, and start buying real objects, such as house, car, even food, pay your bills, etc.

Get out the sooner the better.

If it is not a real object, it is a form of pyramid or ponzi, that is, all kinds of money is not the product or real object such as a chair, a shoe, a car, etc. Money is just an vow to exchange something, and has no value. But cryptocurrencies are even worse than money, they depend on technology, and in a difficult situation they can't be used, and they are used in money laundering for Russian, Chinese, Italian mafias, ISIS terrorists, etc. Cryptocurrencies are not officially approved by the government, that is, the government may block them, as Turkey did and banned cryptocurrencies, now imagine if USA and other countries do the same ? There's gonna be idiots committing suicide. If you own cryptocurrencies, I recommend that you take all the cash value of them, and start buying real objects, such as house, car, even food, pay your bills, etc. Get out the sooner the better.

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[–] • 0 pt

Everything you said is true of any stock, derivative, currency, funds, etc.

People have money in these things, and I would say that they are much more fragile than BTC.

I would think that soon there will be a drop in all markets, or in the dollar (drop in dollar raises markets as long as they are usd). Nothing going on right now is sustainable, and so it is just a matter of time.

What I tell people is that there is some chance that BTC will survive into the future. if it does survive it will be worth a lot, if it doesn't it will be worth zero. It is up to everyone to decide what they think that chance is, and invest accordingly. If you think it is a low chance, then throw in $100 and forget about it; maybe some day you will have $10,000. If you think it is a high chance then convert more.