Cryptocurrency

[Brokeass_baller]

What's unstable about it? Or do you just mean value in USD fluctuating? That'll stabilize over time.

[martix_agent]

I hate that people try to treat crypto as something like stock. It's a currency. It has been developed to free and ease trade. If you want to buy in only to sell later, you'll probably be disappointed, and you've completely missed the point. If you plan to use it as an exchange medium, then you'll probably get some utility from it.

The issue is that nobody knows how to how to spend them. the other problem is that it's so unstable, that it's not a good idea to spend them,

[Brokeass_baller]

Isn't the value of everything decided by its traded value? Every commodity has no floor or ceiling. It's value is decided by what or how much the commodity is being exchanged for.

The value of any exchange medium comes from its utility. Salt was one of the first minerals used as a currency, because it had a long shelf life and high utility. Crypto's utility comes from the blockchain and it's ability to decentralize many things we appreciate about the internet. The blockchain has shown extreme flexibility when it comes to information storage and transfer, and proofs of transfers. That's valuable software.

[Brokeass_baller]

I hate that people try to treat crypto as something like stock. It's a currency. It has been developed to free and ease trade. If you want to buy in only to sell later, you'll probably be disappointed, and you've completely missed the point. If you plan to use it as an exchange medium, then you'll probably get some utility from it.

[flyweightnate]

I think like all speculation...

They have zero intrinsic value. Without the exchanges, a bitcoin gets you nothing.

As a result, there is no floor, and no ceiling, to its traded value.

That scares me. No way I'm putting real money after something that's essentially uncirculated paper money. Makes me want to go buy gold, or cobalt, or coffee farms.

[boarder2k7]

I'm up 67% on BTC, 130% on ETH, and 7.5% on Doge. Not that I have much of any of them, but they've treated me better than the APR on my savings account would have. Also traded through Robinhood.

[martix_agent]

buy low, sell high.

The problem becomes there's no rhyme to reason behind price fluctuations. Right now it's sky high again. It can it will rash again at at moment.

[Axel]

I've half intended to buy a few coins for awhile--maybe litecoin or a few satoshis--just for the heck of it. Now's probably not the best time to jump on board...

But screw it, I had four bucks and change extra cash sitting in Robinhood so now I'm the proud owner of 1300 Dogecoins 😆

What do you all think of cryptocurrency, what's your strategy, etc