Its a PONZI scheme … I won't ever trade cryptos because all cryptos are essentially worthless. Cryptos fail as a currency due to their volatility and are only useful for speculation. The developers and insiders have made a small fortune from investors meaning that if everyone wanted to cash-in their investments there would not be enough money in the system to pay back what you invested. Cryptos are a SCAM. The only crypto that would be worthwhile would be one that is backed by government as it would be stable and guaranteed to some extent. I understand that this freedom from government control is supposed to be one of the benefits of cryptos, but it is also a major weakness. I can't trade something that is essentially worthless as the only reason the price can go up is because of speculation and not because of any true intrinsic value.
Are you trading cryptos? What will you take away from this?
another great interview! what's good with this guy? any other crypto trader on the future list, please. thank You!
Happy to hear you're ready to trading crypto a try! š
Its a PONZI scheme … I won't ever trade cryptos because all cryptos are essentially worthless. Cryptos fail as a currency due to their volatility and are only useful for speculation. The developers and insiders have made a small fortune from investors meaning that if everyone wanted to cash-in their investments there would not be enough money in the system to pay back what you invested. Cryptos are a SCAM. The only crypto that would be worthwhile would be one that is backed by government as it would be stable and guaranteed to some extent. I understand that this freedom from government control is supposed to be one of the benefits of cryptos, but it is also a major weakness. I can't trade something that is essentially worthless as the only reason the price can go up is because of speculation and not because of any true intrinsic value.
Thank you for sharing
Doing my research to take a good look at trading. Thank you for the info