Strangely, the more I learn about Crypto currency the more I feel I have seen this before:
- buying on margin in the 1920’s
- investing with Carlo Ponzi
- investment pyramids
- Amway
It isn’t about paying bills. It isn’t about buying and selling goods and services. It is all about speculating on the value of the currency itself. And, the currency has no intrinsic value. it is totally based on what someone or something says it is at some given moment, generally the demand for the currency at the time. On top of it, it isn’t real. It is a bunch of numbers in a computer somewhere that investors must trust are not being messed with (like issuing more of them without anyone knowing it).
Go ahead, invest in Crypto Currency. Me personally, I call BULLSHIT.
