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What do yall think of cryptos ? Been watching crypto’s for a while, and i found my self not being able to make educated avaluations on any of the coins, just beacause of the lack of info on their value. Plus, i cant understand how something has volatile has cryptos is used as currency…

What do yall think of cryptos ? Been watching crypto’s for a while, and i found my self not being able to make educated avaluations on any of the coins, just beacause of the lack of info on their value. Plus, i cant understand how something has volatile has cryptos is used as currency…

What do yall think of cryptos ? Been watching crypto’s for a while, and i found my self not being able to make educated avaluations on any of the coins, just beacause of the lack of info on their value. Plus, i cant understand how something has volatile has cryptos is used as currency… – RobinHood – Reddit Feed


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  • I have about 1/10 of my portfollio in crypto as a high risk investment.

    The way i see it (very personal ) bitcoin is something like a gold standard and the altcoins are like stocks in a compagnie.

    Bitcoin was one of the first to succesfully use the blockchain technology and altcoins build and improved on that technology. For anything like replacing currencies to to safely storage data and your identity.

    Crypto in general is highly speculative. And with everything highly speculative, you can have large gains and massive loses. Don’t invest if you are not willing to lose it all.

    Edit: if you’re not sure what altcoins stand for they usually have a white paper where they say what it is they try to acomplice and how.

  • It’s used as a currency because it’s so easy. You can pay anyone, anywhere, anytime, it’s open to anyone and is cencorship resistant: this makes it different from normal dollars/euros. Also, by nature, it’s deflationary, so it encourages saving. It allows scripted payments (automated escrow, multy party payment, delayed payment, and whatever etc you can code up). It’s pseudonymous and provably secure.

    Anyways, bitcoin has a big moat (since the network effect adds most of the value; after all its still a fiat system of exchanged trust) but is designed in a way that makes it very rigid, but inflexible. Other coins mostly just have altered parameters but are in essence clones (LTC, BCH, BCHABC, Monero, DASH, Digibyte, Doge, verge etc) . Notable exceptions are ETH (stores states, is Turing complete, allows smart contracts), XRP (a centralized intermediary, not immutable), ADA (centralized, but actively developing smart asset ledger aiming to decentralized and use proof of stake)

    Anyway, bitcoin and other coins are not an investment! They are, at best, a speculative hedge. That being said, their properties make them hard to regulate and therefore they will likely remain around. They have clear usecases which are unaddressed in the existing payment sphere (cheap micro- and macro payment, scripted payments, remittance, anonimity, immutabity, relatively stabity due to global market) and an active community of bright minded developers.

    I’ve been paying attention to crypto for a few years now and to me it’s an all or nothing scenario: either bitcoin and some others of the cryptos I’ve mentioned, will gain 10-100x, or they will lose 10-100x and both cases are still very much possible. But my gut says it’s going to be a wild ride. But it still has a long way to go, but so did every other asset when it first came to market.

    Anyway, that’s my 2 cent. Disclaimer: I do own some crypto

  • > **Plus, i cant understand how something has volatile has cryptos is used as currency…**

    So first off I see crypto like any other currency or gold, and it is not really an investment . It is speculation , nothing wrong with that but its just a minor pet peeve of mine when people say “Invest in crypto” . Currency has no earnings, no cash flows, no assets ect.

    ​

    Second my bit issue with crypto is it is not even being used as a currency . 99% of the transactions are just people swapping it back and forth on exchanges and it is not really being used to actually facilitate commerce . Also I haven’t used it for a while but I remember it was clouted as better than banking because of low fees, fast transfers ect.

    ​

    The issue is I can transfer money pretty fast and cheap online, bitcoin was slow or you had to pay extra to get your transaction higher priority, so it was slower/more expensive than traditional banking.

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    Note I do find the technology interesting , I hope in the future crypto makes it easy to exchange money or even eliminates the need.

    ​

    Example when I go to Canada or Europe or Mexico I don’t need to exchange money, I will have some crypto and if it is widely excepted I can get around having to exchange money. However right now I wouldn’t put a large part of your net worth in it.

  • Some have commodity aspects like scarcity.

    I had Bitcoin at a 6% allocation of my tweaked all weather portfolio, it has already become 10% of the portfolio.

  • Forget the currency idea and it will make more sense. I make 40 to 60% in crypto trades a month so i love them. Ethereum is great technology and so are things like nano. Bitcoin will be a dinosaur, can make money with it now but it will be old news in a few years. Its slow, expensive, etc. Crypto is full of idiots which is why people think its a joke. Alt coins and new techs they bring are the future. I own a little bitcoin but mostly ethereum, etc and alt coins.

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