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<p>[QUOTE="Troodon, post: 3973983, member: 4626"]I love how people are seriously discussing this topic 6 1/2 years after it was posted... did nobody notice the posting date? I don't mean the "2013" part either. THE APRIL FIRST PART.</p><p><br /></p><p>I'm sure if your timing is good you can make money on crypto-currencies, but there was a time you could have said that about rare tulips and beanie babies. It's just the latest fad, really popular among people who are paranoid about governments in general, or are too short-sighted to consider whether something will have lasting value in the future that's based on literally nothing. Cryptocurrency is only worth something as long as people believe it is and it can be worthless tomorrow. It's not a question of if; it's a question of when. I'm not going to gamble my hard-earned money on how lucky I can be at musical chairs, thank you.</p><p><br /></p><p>I should also point out that precious metals have never been worth zero. What intrinsic value do 1's and 0's on a computer somewhere have?</p><p><br /></p><p>People can mock me for saying all of this and I'm sure some people are laughing at what a fool I am. But if all my coins become worthless tomorrow, I still have a collection of coins I like. What will the people who invested in cryptocurrency have if that becomes worthless?</p><p><br /></p><p>I've never considered it a wise move to invest in something that has value only because people currently think it does, rather than something that has true intrinsic value. That's not investing; it's gambling (or high stakes hot potato). In theory I can make a profit in a casino; that hardly makes that a wise investment move.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 3973983, member: 4626"]I love how people are seriously discussing this topic 6 1/2 years after it was posted... did nobody notice the posting date? I don't mean the "2013" part either. THE APRIL FIRST PART. I'm sure if your timing is good you can make money on crypto-currencies, but there was a time you could have said that about rare tulips and beanie babies. It's just the latest fad, really popular among people who are paranoid about governments in general, or are too short-sighted to consider whether something will have lasting value in the future that's based on literally nothing. Cryptocurrency is only worth something as long as people believe it is and it can be worthless tomorrow. It's not a question of if; it's a question of when. I'm not going to gamble my hard-earned money on how lucky I can be at musical chairs, thank you. I should also point out that precious metals have never been worth zero. What intrinsic value do 1's and 0's on a computer somewhere have? People can mock me for saying all of this and I'm sure some people are laughing at what a fool I am. But if all my coins become worthless tomorrow, I still have a collection of coins I like. What will the people who invested in cryptocurrency have if that becomes worthless? I've never considered it a wise move to invest in something that has value only because people currently think it does, rather than something that has true intrinsic value. That's not investing; it's gambling (or high stakes hot potato). In theory I can make a profit in a casino; that hardly makes that a wise investment move.[/QUOTE]
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