this post was submitted on 23 Dec 2023
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I would never, ever suggest anyone get into crypto. It's far too volatile for any type of reasonable investment scheme.
The only reason I even have crypto is so I can donate to the private torrent sites I am on.
Crypto isn't outright evil, but you really should only use it if you have things to use it for, and aren't trying to game the system to get rich quick.
Honestly, anyone playing such "get rich quick" investing games with crypto needs to be honest with themselves that maybe they've got a gambling problem.
Gambling is what it is. Putting your life savings in it is stupid, but if you put a bit in, it's a better gamble than putting it on the horses.
It is much better to invest in a company than it is to invest in crypto.
Because the money gets actually used to improve the company and society, instead of being stuffed into a sock and doing nothing.
Is gambling investing in a company?