crypto investing - do it or no?

[Anonymous]

Anonymous wrote:

Anonymous wrote:As a financial regulator with 25 years of experience, my personal view is that crypto is a massive ponzi scheme and the only reason it keeps going up is FOMO. Crypto investors have to encourage other crypto investors or their investments won't go up. It has no intrinsic value. It's only used for scams, crime, and speculative investment. I truly hope it goes the way of the tulip bulb. At least a tulip bulb could be planted and grow into a pretty flower. Crypto just sucks energy and permits so many innocent people to be scammed and human trafficked. I'm a "no".

No way would a financial regulator wright something like that. Had I listened to you 5 years ago, I'd still be working. The ones who will listen to you now, will still be working 5 years from now and call everyone else lucky.
USD is a sponzi scheme and working for 45 years is a ponzi.

I’m always surprised by the anger and Petronas of bitcoin millionaires, they never have to work againand life is great, yet they are always defensive trying to impel others to buy, and their favorite catchphrase is essentially “good luck being poor”

https://markets.businessinsider.com/news/currencies/terra-usd-ust-luna-do-kwon-poor-critics-crypto-crash-2022-5

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Etherum and Solana will move more now than Bitcoin--Invest 5 percent of your portfolio (can do via etfs). Of that 5 percent, 40 percent ETH 40 percent SOL 20 percent BTC.

Forget about it. You will be happy in ten years.

Why so little in BTC?

I was saying this couple weeks back to create Alpha. Basically, ETH and SOL will return more from here on out.

Can you explain to me like I’m 5 the difference and utility of all 3 coins? I know BTC is digital gold and like a currency, but I don’t understand why or how there is still room for more types of crypto like ETH and SOL.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Etherum and Solana will move more now than Bitcoin--Invest 5 percent of your portfolio (can do via etfs). Of that 5 percent, 40 percent ETH 40 percent SOL 20 percent BTC.

Forget about it. You will be happy in ten years.

Why so little in BTC?

I was saying this couple weeks back to create Alpha. Basically, ETH and SOL will return more from here on out.

Can you explain to me like I’m 5 the difference and utility of all 3 coins? I know BTC is digital gold and like a currency, but I don’t understand why or how there is still room for more types of crypto like ETH and SOL.

ETH and SOL can construct digital contracts, many other coins operate ETH blockchain, etc. it’s designed with a lot more utility.

BTC is arguably much simpler, it’s useless as a currency because it’s so volatile — who will commit to pay for a new car with $1BTC and then have it change in value the next week before the sale closes. As a store of value, sure that is the current accepted utility.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Etherum and Solana will move more now than Bitcoin--Invest 5 percent of your portfolio (can do via etfs). Of that 5 percent, 40 percent ETH 40 percent SOL 20 percent BTC.

Forget about it. You will be happy in ten years.

Why so little in BTC?

I was saying this couple weeks back to create Alpha. Basically, ETH and SOL will return more from here on out.

Can you explain to me like I’m 5 the difference and utility of all 3 coins? I know BTC is digital gold and like a currency, but I don’t understand why or how there is still room for more types of crypto like ETH and SOL.

There is no room for anything else.

Which one is the best crypto asset? Well, bitcoin's the best crypto asset. Which one is the second best? There is no second best. There's a crypto asset -- it's called bitcoin. There is no second best.