01-08-2018, 07:14 AM
(01-08-2018, 06:52 AM)rayray Wrote: Presently, wouldn't touch them with a 10 foot pole, my brother-n-law is going big time, taking his teenage son along with him. Cryptocurrencies, new ones pop up every day. Not to mention they got away from their purpose. Too easy for them, all of them to be manipulated by pump and dump schemes, it's a dream for those that just to take your money through FOMO investing.
And to think the governments are going to let their FIAT money go bye bye? Forgetaboutit...it ain't happening. The IRS? Not paying your taxes? Forgetaboutit...
I feel like agreeing with you. For a long term scenario... I see some uses... but I just don't think that it will be such a big revolution as some people imagine it to be. Then again, I did make the same conclusion back in the day and funnily enough, even with a tiny investment back in the day, we would both be ridiculously rich right now.
I didn't think it was a good long term investment then. I don't think it's a good long term investment now. But were ridiculous profits made with it? Damn right they were.. so who is to say that good profits won't be made in the future? I do feel like the bubble will burst... and it'll be a massive bubble. But when? And how high will we get before it happens?
I certainly don't plan on depositing any money into these. But I'll play around with that tiny amount that I have and see how it goes. :p When I left that in my harddrive it was worth maybe $10, now it's $1300, let's see if it's $10 or $10k in a few years.