Anybody buying Crypto?

Waste of time and money.
You can make way more investing in real stocks or getting a job.
It’s also really easy to create a cryptocurrency to take advantage of those who use it and make profit for yourself.

If you’re interested in buying Bitcoin or one of the other better-known cryptocurrencies your best bet is CoinBase, which also supports Bitcoin Cash, Ether, and Litecoin. The popular digital exchange is easy to use and widely trusted, though it does go offline occasionally when trading is particularly frenzied

Meh… Zil > Xlm :partying_face:

I am kicking myself for not keeping up with mining years ago when bitcoin wasnt worth alot. I couldnt mine very fast with what hardware I had, but I’d eventually have a small fortune if I had kept up with it over the years. Now, I feel its too late becuase the markets of crypto are just to volatile now.

A month or so ago a new cryptocurrency appeared. This is a brilliant scam. Bitcoin and all the others have absolutely no intrinsic value whatsoever. Here, the “petro” is promised to be backed by a barrel of oil (if you really believe him) so it differs from others that it has some intrinsic value. Of course, the sky’s the limit for each unit price and who knows how much Venezuela holds. This is absolutely brilliant. Have people all over the world bail out your failing government by finding people more stupid than you are. It’s so crazy that it’s genius.

Venezuela making some kind of money?

Thats a scam for sure, their people do not even have toilet paper to buy in market (its not a joke), how Venezuela will pay this? :person_facepalming:

Crypto is very ambiguous stuff. I would recommend reading a few books for traders before trading cryptocurrencies. Personally I would buy better-known cryptocurrencies as mentioned previously.

Why would you NECRO a 2+ year old thread……

Well… why not? I accidentally found this topic and this is a part of my interest.

While I am not an expert in the currency world, my wisdom allows me to say that it took a great deal of time for money, as we know it as paper and coins backed up by banks and governments, to be wholly accepted and recognized. Cryptocurrency, as a whole, is nothing but another trickery of evil entities to destabilize money or economy as we know it, for their own egotistical benefit. I know what I'm speaking of enough, as I was once slightly lured into the game mainly to pay for a few transactions of “research chemicals” years back. Suffice to say spiritual energies behind research chemicals and other drugs are of course negative in nature, and of course I healed this. We have the right to have and use tangible assets, even if they are paper or coins. Cryptocurrency mining is nothing but controlled bloodsucking to “guarantee” the transaction of a value without consciousness. No vapormoney, thanks.

And so, edingergriff, this is just a warning of where you are stepping on with.

So, no Euros, or US Dollars for you, then?

0K manithree, I understand that money is an abstract concept and our currencies already are inmaterial enough.

The point here then would be to determine what is the point of cryptocurrencies, what actual benefit can we attain with them.

Cryptocurrency is a bubble scam and whoever believes it will end up with his wallet gouged. There’s absolutely no material correspondence of its value, so it can shoot up or down at the market’s will. I’ll stay with money that has ballast, such as good old gold.

Does such a thing still exist?

If I had a time machine, maybe I'd go back a decade and invest in Bitcoin (after killing baby Hitler.)

I'm not a gambler, so I won't be investing in Crypto today.

yes such a thing does exist—you can easily find them at coin shops, jewelry stores and pawn shops to get started. If you have a big wad of paper that you want to convert to real money, then there are speciality gold investment companies that deal in coins and bullion.

crypto is differently fiat

It absolutely does exist. The dollar not having a ballast is a tremendous anomaly, and it is going to crash hard if I’m reading the current geopolitics right.

Up until the greatest and most honest president of all time Nixon, the US money was backed by a gold standard of $35 per ounce.

Before 1933, gold and gold coins were used as currency. In 1933 FDR confiscated all personally held gold and made it illegal to own or hold. Then in 1971 Nixon took the US off of a gold-backed currency.

He also gave us the 55 mph speed limit on interstates.
And made cannibus a Class 1 right drug up there with heroin and higher than cocaine.
Instituted a wage and price freeze (free-market capitalistism?)
He was not a crook, he even said so.

ref: FDR Takes United States Off Gold Standard

As far as I can tell, fiat currencies are the norm, and hard/representative/commodity-backed money is quite rare.