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  • Jacobs
    Junior Member
    • Dec 2022
    • 8

    Opinions about crypto

    Although cryptocurrency has been around for a few years, I still haven't made up my mind about it. Every few months, another crypto company goes bust, but profits continue to soar for some investors. Are you one of them? What do you make of the crypto rush?
  • Young
    Junior Member
    • Nov 2022
    • 9

    #2
    Now that the hype has calmed down a bit, I think cryptocurrency is not that different from our regular currency but with more risks. Those who earn a lot from their investment must've had very good eyes on the market and a strong backup which common folk probably don't have.

    Comment

    • Lamplighter
      Junior Member
      • Dec 2022
      • 12

      #3
      You have to be rich enough to afford a loss. That's the main thing about Crypto that I see. Like you said, Crypto companies and exchanges go bust all the time, so the risk is great.

      But just like the stock market, the greater the risk, the greater the reward.

      Comment

      • Lucas
        Junior Member
        • Nov 2022
        • 10

        #4
        I have never really understood the whole crypto thing. I don't think I would ever want to invest in this. I don't think it's a wise choice, but this is just my opinion.

        Comment

        • Fizzy
          Junior Member
          • Nov 2022
          • 12

          #5
          Originally posted by Lamplighter View Post
          You have to be rich enough to afford a loss. That's the main thing about Crypto that I see.
          I believe you're spot on, Lamplighter. Unfortunately, some people roll the dice and hope for the best, only to tank their life savings in the end.

          Comment

          • Lamplighter
            Junior Member
            • Dec 2022
            • 12

            #6
            Yep. And that's a “them” problem.

            I thought about diving in a few years ago, but decided not to. It's a good thing, because it is more of a rich man's game than it ever was.

            Comment

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