proud ETH owners

[cesfx]

Many people made money on Beer cans, Pet Rocks, Beanie babies, Belt buckles, Cabbage Patch kids, Swatches etc through the years. If you bought early and sold at the top, you made a profit.

But truly, Crypto's, where is underlying value? Other than Drug lord's and Arm's dealers transferring funds, those who got in early and out made a profit. And through the graces of Futures/options being short and options to hedge is heaven.

Smell biggest scam in USA history unless you got in early.

Let's leave aside the idea of not liking banks and mediators in general, sucking our money like leeches with interest rate games and poor pay first and eat last philosophy, giving very little value but the storage security.

Or the Blockchain technology and what it offers.

Since when illegal drugs and arms business have no value?

Maybe arms not much, as the governments sells them legally and they are the biggest arm traders. But drugs do hundreds of billions.

 

[Bad_Badness]

What does begin proud have to do with trading, except a red flag warning?

 

[FreeGoldRush]

But truly, Crypto's, where is underlying value?

Defi projects. Functions that Wall Street makes billions on every month can be performed at nearly zero cost with smart contracts. The centralized control and monopoly of Wall Street will be replaced with crypto. That doesn't mean your Bitcoin will be part of this future. But it is where many of the most brilliant people in the world are making amazing technological progress.

 

[The_Krakenite]

I remember people I knew who were buying Nortel stock-

Ironically, there was NO investigation into Nortel due to political connections. Long live democracy I guess.

Bre-X was about as bad as Nortel... sits in that time-era too wasn't it?

 

[RedDuke]

I remember people I knew who were buying Nortel stock as the price was plummeting, get "bargain" prices hand over fist. It, too, was filled with air; I know because I reviewed their financials.

People who bought Nortel on the way down believed in it. I do not believe in current crypto, and my bet is that fake stable coins will not perish, therefore there is a decent chance for a pump