/biz/ - Business & Finance

>>17756806
>Crypto is dumping as predicted, just sooner and faster than expected due to corona. Shit will moon to $20k in the next 1-2 years

why would it recover and moon? don't people love to claim that crypto/BTC is like a "digital gold", a great "store of value", and yet here we are in the midst of a crash and crypto is getting hit harder than anything.

It's useless. It isn't a good store of value (what value?), it isn't a good transactional currency in day-to-day life (slow, confusing for normies), and after all these years has failed to gain any mainstream adoption. Plus this isn't even touching on the fact that 99.9% of all shitcoins have failed to meet their whitepaper/roadmap proposals and essentially delivered absolutely nothing of substance.

Cryptocurrency is a massive joke and a ponzi scheme, where the only reason to be in this space is so you can speculate and hope some sucker buys your bags for more than you paid. That's literally it.