• merc@sh.itjust.works
      link
      fedilink
      arrow-up
      1
      ·
      4 days ago

      Real currencies are far more stable and are unlikely to suddenly disappear. It can occasionally happen, but it’s rare. Cryptocurrencies are a ponzi scheme.

      • finitebanjo@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        4 days ago

        Consumer price indexes and exchange rates are constantly fluctuating, although admittedly BTC temporarily lost half its value a few times while it climbed from $0.09 to $106,154.15 in 15 years.

        The price goes up alongside adoption rates, at this point it takes a massive amount of funds to manipulate, like tens of billions.

        The vast majority of scammers ask you to wire transfer funds out of the USA or purchase gift cards.

        I agree with you that smaller coins are all pointless and terrible investment but I do see possitive potential for Crypto in the future as a means of people resisting central agencies.