I talked about it a little before, but after reader KILLZONE posted this twitter: https://twitter.com/FloydMayweather/status/908497015704739840
It made me think I need to do another post on it. I was VERY skeptical of crypto currency (the idea of having money in the void that somehow meant something) but after about a month I got into it. I don’t do things half hearted and went hardcore into it. I got scammed by one guy along the way, but have made a few thousand. Nothing insane but really good for me.
That being said, I am planning my retreat out of crypto sooner rather than later. ‘It cant be a bubble’ etcetc. There is a good saying somewhere that you should sell your stock when you hear your cab guy talking about it. That is what we are hitting in crypto land. ‘Normies’ are getting into it.
I consider myself very tech literate (even though I hate smart phones) and honestly I barely understand crypto, it is easy to say 90% of these guys in it are FOR SPECULATION ONLY. Altcoins really exemplify this, no one knows wtf they do, but you get good ‘gains’ off it.
What it comes down to is a lot of that stuff can be tracked, and its kind of useless, wtf is a ‘distributed ledger’ actually good for? Why the hell would it matter if there is proof of you buying a pack of gum 20 years ago and its locked in for all eternity?
With gov control, pure speculation, nothing backing it up, and dangerous ‘normie approval’ zone hitting, its time to get out.