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By (user no longer on site)
over a year ago
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It’s dead I warned people a head off time that it was coming to a end
But the minute the miners started flooding the market with gpus should have been a real warning to get out
Even more so when nivida hold back 40xx because off it |
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By (user no longer on site)
over a year ago
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A key function of currency is to facilitate transactions, i.e. allow buying and selling of goods.
So many crypto currencies are so small, I would argue they don't fulfill this function. Even the largest are rarely accepted even online.
So if you can't use them as currency, what's the point? It's a giant pyramid scheme. Any money made by some is money lost by others. |
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By (user no longer on site)
over a year ago
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"I'm an investor. 2024 is our year buy now  "
Nope or in less you pay a premium on selling
Basically without the miners trading can’t be done
And the miners are out hence the crash |
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"A key function of currency is to facilitate transactions, i.e. allow buying and selling of goods.
So many crypto currencies are so small, I would argue they don't fulfill this function. Even the largest are rarely accepted even online.
So if you can't use them as currency, what's the point? It's a giant pyramid scheme. Any money made by some is money lost by others. "
Widely accepted if you wish to buy arms, drugs, people or pay for services such as assassination..... |
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By (user no longer on site)
over a year ago
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I managed to turn £8,000 into £6,300 in just one week. Then the following month results weren’t as drastic as it took about 3 more weeks to turn that £6,300 into £5,400.
Absolute bunch of shite. |
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By (user no longer on site)
over a year ago
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I have ada and xrp/xdc which seem like decent long term holds, no way an expert in this.
Funny people saying its all worthless blah blah, the pound which we all use is fiat currency which to quote wikipedia "Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account – or, in the case of currency, a medium of exchange – agree on its value."
If i knew what i was doing and had the cashflow i'd invest in lithium/fracking mining companies that sort of stuff I've seen that's taking off. |
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