I know very little about cryptocurrency, but from my understanding this thread is mostly on point. Would be interested in views from experts in the areahttps://twitter.com/justinlabel/status/1433630073974894594 …
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Theres is none. And externalities are ridiculous at this point of history.
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A way to bilk gamers out of more of their money while convincing them they’re pursuing a more “grown-up”/alpha pursuit such as “money management”?
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It's a Ponzi scam. As you say it is essentially tokenomics '2+2=4' is what you're buying in the hope someone more foolish will buy it off you.
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Jesus if you think dealing with the IVM cult is bad wait until you get on the wrong side of the crypto guys.
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Some serious overlap between the two as well.
End of conversation
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You know what is essential. Beware that most so called experts are those who have invested considerable amounts of time and or money in the product. Those who study it and come to your conclusion go on to other stuff and don't end up on CNBC.
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Levels of risk: Dividends and couch potato it Value investing if you have some funds and time Day trading if you're keeping an eye on things and understand how to exploit gamblers Bitcoin is pure gambling and emotional trading
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Maybe money laundering?
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I have studied crypto for years and see a continuous stream of deception from the industry.
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Will be interesting seeing what constitutes an 'expert' in this field. Much like the pandemic it requires experts in different fields really because it is hard to disconnect all the things involved. Currency requires a multitude of trust and/or enforcement of payment/trade issues
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