/biz/ - Business & Finance

let me save you millions of dollars / your entire life savings.
crypto is a bubble and you will lose everything.
crypto can replicate and even improves on the features of money, like privacy, decentralisation, fast transaction times and low fees.
however - it is just a digital currency. and there are thousands of them.
crypto has no value on to itself. i can't use crypto in a car battery. i can't use crypto as a filling in my tooth. i can't put crypto into electronics. i can't put crypto into aerospace. i can't do anything useful with crypto except use it as a means of transaction.
crypto can never be used as a store of value because it has no use. the only reason it is worth anything is because people believe they can flip it to someone else who believes other people will buy into it, this is the definition of a ponzi scheme.
worse is the fact that through technological revolution there will always be new coins/payment techs that come out which are increasingly better/faster/cheaper/safer etc, which means that there will always be something new to replace the old currency, which means it can never be used as a store of value.
the fate of bitcoin and all of the coins you trade is to become worthless - $0.000000000000.
you think your crypto fiat currency is better than government fiat currency? if I don't pay my taxes in government fiat currency I get thrown in prison. I don't see anyone making contracts in crypto either because it is way too volatile and always will be way too volatile to be actually used as money. government fiat currency is being inflated but it will still have more intrinsic value than crypto ever will in the long run because it is enforced by law.
can bitcoin keep going up? sure, a bubble can just keep expanding forever, but it is still destined to go to zero one day, so atleast make sure you cash out when you can, but at the end of the day you are just gambling rather than investing. good luck.
i will be stacking pic related.