if you sell something for $1 at 10am your $1 still buys $1 at 10pm.
This is untrue for pretty much everything, even fiat. Everything is a market. A good example of this: stocks.
in crypto, it’s easily manipulated, and that’s by design.
Now this is just false. You’re just inventing fake facts here. You clearly know nothing of the history of crypto.
If I sell 1BT worth of something at 10am, it could be worth 2BT at 10pm, but it could also be worth .1BT equally.
Uhh no? 1 BTC will always be 1 BTC. Its value compared to other assets will change though. And in that case it would have less value indeed. You’re just allergic to high variations and high risks assets. Stocks is exactly the same. Some assets vary more than others. Let me assure you the value of BTC will never do a +/-10x in a day
tell me, what governing body or economy is crypto backed by?
Emission (POW, POS…) (or total stock), demand and offer and perceived value, just like everything on earth?
You’re giving it too much credit, especially the altcoins that didn’t look beyond “existing”. I know, I made one like 7 years ago or so and I ain’t proud of it.
The instability of the worth of these crypto coins is just inherent to the instability of it, and actually not that different from currency fluctuations. You don’t think the entire world works with US dollars, no?
Their uncle must’ve been rug pulled when buying a shitcoin or something and now they believe crypto is nothing but a scam
But yea there’s nothing to do. If you can’t educate them then let them stay in their ignorance if they like it. I just don’t feel that letting them spread their misinformation is a good thing
Breaking news! Criminals (but not only) use crypto, and people get scammed. This happens as well with fiat, so that must surely mean fiat is a scam!
Flawless logic, really. You people impress me with your thinking.
if you sell something for $1 at 10am your $1 still buys $1 at 10pm.
in crypto, it’s easily manipulated, and that’s by design. it’s a scam because the only people who have that control are the wealthy.
If I sell 1BT worth of something at 10am, it could be worth 2BT at 10pm, but it could also be worth .1BT equally.
the purpose of a Fiat currency is economic supremacy that is backed by the governing body and the economy that uses it.
tell me, what governing body or economy is crypto backed by?
This is untrue for pretty much everything, even fiat. Everything is a market. A good example of this: stocks.
Now this is just false. You’re just inventing fake facts here. You clearly know nothing of the history of crypto.
Uhh no? 1 BTC will always be 1 BTC. Its value compared to other assets will change though. And in that case it would have less value indeed. You’re just allergic to high variations and high risks assets. Stocks is exactly the same. Some assets vary more than others. Let me assure you the value of BTC will never do a +/-10x in a day
Emission (POW, POS…) (or total stock), demand and offer and perceived value, just like everything on earth?
None of that is “by design” its just the result of an unstable system. Crypto sucks for a long list of different reasons.
it is by design for a lot of them.
The instability?
You’re giving it too much credit, especially the altcoins that didn’t look beyond “existing”. I know, I made one like 7 years ago or so and I ain’t proud of it.
The instability of the worth of these crypto coins is just inherent to the instability of it, and actually not that different from currency fluctuations. You don’t think the entire world works with US dollars, no?
Don’t even bother. You’ll never get through to these drones.
Wtf are you talking about
You won’t convince anyone one here that crypto isn’t a scam. These people are set in their ways.
And stubbornly entitled
Their uncle must’ve been rug pulled when buying a shitcoin or something and now they believe crypto is nothing but a scam
But yea there’s nothing to do. If you can’t educate them then let them stay in their ignorance if they like it. I just don’t feel that letting them spread their misinformation is a good thing