tech

Crypto market value tops $3 trillion for first time

17 Comments

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17 Comments
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Yes crypto is a bubble but that doesn’t mean crypto day traders can’t make tonnes of money in the meantime.

Any one of the long-time HODLers (Saylor @MSTR, Musk@TSLA, Dorsey@SQ) will refute that comment and tell you the way to get rich is to HODL. Day-trading is not the way to go unless you’re a true pro and that goes for day-trading in the stock market as well.

0 ( +0 / -0 )

Digital Yuan is doing very well.

Maybe in China. The rest of the world will never deal in it with any kind of volume though.

2 ( +2 / -0 )

This won't this go on much longer. The private and central bankers and governments are just figuring the right wording and timing to take control of it.

Say what? Sorry, you only show you don't know how decentralized networks work. How exactly (or even broadly) would a government take control of any of the established cryptocurrencies?

2 ( +2 / -0 )

Crypto is not a digital currency. It is an artificial resource, mined like coal or rare earth metals.

If you relax the definition of a currency enough to make your statement accurate, all currencies also fall into your statement, meaning no currencies exist.

When in reality, your statement only shows you don't know what a currency is, as cryptocurrencies very clearly are currencies, to anyone who understands what a currency is.

Digital currencies have no impact on the environment and can be pegged to real world currencies for stability and general utility.

I thin you meant "non-digital currencies". Assuming that's what you meant, neither of the the things you listed are used to determine whether something is a currency or not.

We need reliable, global, consumer friendly ones, preferably compatible with a generic payment platform.

So you want to remove the good part about cryptocurrencies - that they operate without the oversight of government and banks, without requiring us to give the banks a cut and give the governmments our privacy. That would be silly, why not just use a FIAT currency?

2 ( +2 / -0 )

This will NOT go on...

0 ( +1 / -1 )

This won't this go on much longer. The private and central bankers and governments are just figuring the right wording and timing to take control of it.

Be certain of this: the central (government) bankers and private bankers will not be denied their perceived right right to control money and you.

-1 ( +0 / -1 )

Crypto is not a digital currency. It is an artificial resource, mined like coal or rare earth metals.

Digital currencies have no impact on the environment and can be pegged to real world currencies for stability and general utility. We need reliable, global, consumer friendly ones, preferably compatible with a generic payment platform.

0 ( +0 / -0 )

Within a few years all countries will have digital currencies. Digital Yuan is doing very well. It is a pity that Euro was left behind.

-3 ( +0 / -3 )

Don't get left holding the baby...

1 ( +3 / -2 )

Yes crypto is a bubble but that doesn’t mean crypto day traders can’t make tonnes of money in the meantime.

0 ( +3 / -3 )

Smells like champagne.

0 ( +2 / -2 )

We all going to drive Lambos!

-1 ( +2 / -3 )

Go ETH!

-2 ( +2 / -4 )

Watching BTC & ETH go to the moon. Retirement here I come!

0 ( +3 / -3 )

Waiting for the 'rat race' warriors who still think crypto a bubble.

1 ( +5 / -4 )

Back of the net!

2 ( +3 / -1 )

Let's goooooo! The longer the naysayers don't believe it and wish to be right, the longer you are missing out.

1 ( +5 / -4 )

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