12-20-2021, 12:15 AM
(12-19-2021, 01:42 PM)Slamz Wrote:(12-15-2021, 08:15 PM)strife Wrote: (will also have to lose some of it's volatility)
This is why I think crypto is simply gambling at this point. I wonder how many people in America today would accept their paychecks in crypto. Even disregarding the fact that they would starve to death because grocery stores don't take crypto, my point is more that people don't want to be paid in a currency whose value tomorrow is unknown (and companies don't want to accept it, for the same reason). They think 6% inflation is bad, wait til they see 1000% inflation or deflation or alternating between the two.
NFTs almost seem to cement that view because the things people are selling with crypto are literally just useless virtual baubles with no intrinsic value. They're not exactly taking risks here.
Elon Musk will do it -- to some extent -- because he's kind of a wild card anyway. Pretty sure he's doing it "for the lolz", though. Risking Tesla's swag division by accepting crypto definitely seems like a Musk move.
Until grocery stores start taking it, it's just "virtual tulips".
It does feel a bit like gambling, although I limit risk as much as possible by doing my research before buying anything new. What does the company do? Where are they located? What is their vision? Play at your own risk and much like gambling don't invest/gamble what you can't afford to lose. Ride the dips, buy low and sell high. Somedays I will buy something early in the week during a dip and sell on a Saturday because its up 15-30%. Crypto.com seemed like a no-brainer. Great website name, good CEO, marketing is good and they are going down the road of providing credit cards which use Crypto. It was a complete surprise to me that they bought the naming rights on the LA stadium for the next 20 years.
CRO and MANA are my long term, long term meaning a year if all goes well. We can then look back at this post and see if I was wrong.
People tell me to buy XRP but it's unlisted at the moment as they are fighting a lawsuit against our government. XRP believes gov should stay the f out of Crypto and I couldn't agree more.
You can purchase crypto at Walmart.
Major Retailers that take Crypto:
- Microsoft. Microsoft has been accepting Bitcoin for use in its online Xbox Store since 2014. ...
- Overstock. Overstock is currently leading the way in the shopping and cryptocurrency field. ...
- Home Depot. ...
- Namecheap. ...
- Starbucks. ...
- Tesla (kind of) ...
- Electronics. ...
- Wikipedia.