Anyone saying crypto is a scam are people who have done zero research or heard down the grapevine that it’s going to zero. Meanwhile every cycle it goes up in value. If you don’t believe in the US government and you disagree with them printing trillions of more dollars yearly which devalues your dollar, your INCOME, buy the greatest store of value in modern history... BITCOIN. Don’t say it’s going to get banned (government said they have no interest in banning it) don’t say it’s centrally controlled (the biggest bitcoin wallets are owned by different entities, and mining operations are owned by different companies/people...if those shut down any person with a computer can mine it.). Ugh, life changing money awaits if you would open your mind, but most boomers think gold and silver are the way to go. They probably didn’t invest in any dot com entities cus the internet could be turned off and your entire company becomes obsolete (guess we saw how big the internet got eh?)
Its not that BTC is a scam, it is that BTC is not currency. It is a commodity that people use as a form of exchange. Currencies are issued by governments. BTC may exist for quite a while by governments, but when it becomes viewed as inconvenient by any government, it will be banned. Some/many will continue to use it as a black market form of exchange, but it is still a commodity.
Anyone saying crypto is a scam are people who have done zero research or heard down the grapevine that it’s going to zero. Meanwhile every cycle it goes up in value. If you don’t believe in the US government and you disagree with them printing trillions of more dollars yearly which devalues your dollar, your INCOME, buy the greatest store of value in modern history... BITCOIN. Don’t say it’s going to get banned (government said they have no interest in banning it) don’t say it’s centrally controlled (the biggest bitcoin wallets are owned by different entities, and mining operations are owned by different companies/people...if those shut down any person with a computer can mine it.). Ugh, life changing money awaits if you would open your mind, but most boomers think gold and silver are the way to go. They probably didn’t invest in any dot com entities cus the internet could be turned off and your entire company becomes obsolete (guess we saw how big the internet got eh?)
Its not that BTC is a scam, it is that BTC is not currency. It is a commodity that people use as a form of exchange. Currencies are issued by governments. BTC may exist for quite a while by governments, but when it becomes viewed as inconvenient by any government, it will be banned. Some/many will continue to use it as a black market form of exchange, but it is still a commodity.
And what will you do with your digital wealth when SHTF?
Will someone trade you a TANGIBLE chicken or other food item for a digital 1s and 0s?
Crypto currency is only valuable in a functioning modern society. It's just as equal to wall street stocks.
I'll store my oh shit needs in lead and other tools.