The Central Banks are AFRAID. They know they are losing CONTROL. What happens when we cease the utilization of their FINANCIAL SYSTEM? End Game? György Matolcsy, governor of the Hungarian Central Bank, wants to ban cryptocurrencies like #Bitcoin in the European Union. P. A. N. I. C.!
(twitter.com)
🚔 Crime & Corruption 💸
I completely concur. Crypto is a scam. I've never witnessed anyone who's invested in it show a physical return.
At work I know at least a dozen investors who have nothing to show but loss over years of crypto investment. Only one has had the balls to accept all the fees/taxes sbd convert it all over to his checking acct... To the tune of near -$20k loss.
The rest have never cashed out and just keep pumping more and more in with no way to spend it or withdraw without heavy fees/loss.
I personally know 2 multi-millionaires and a another friend who is about to hit $500,000 in realized profit. Sounds like you just have shitforbrains co-workers.
Does anyone cash out of USD either? Crypto is a currency not a stock... Your analogy is flawed which is why you are coming to these fallacious conclusions.
First off anecdotal...but more importantly anyone in to trade it in the short term will most likely lose because of the volatility but for those who have been in the space for 4+ years have seen massive returns and profit taking like no other. Its an investment not a get rich quick scheme