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>all savings of people who don't invest in cryptocurrencies are worthless, that fear may be driving a lot of the ICO speculation. There are lots of ways to inv
by JSDave 9y ago
>all savings of people who don't invest in cryptocurrencies are worthless, that fear may be driving a lot of the ICO speculation.
There are lots of ways to invest your money that aren't based on the dollar. Futures, real estate, company stocks, metals.
- nostrademons 9y agoSure, and they'll hold their value even in this scenario. But (other than the hedge funds) I suspect many people investing in these ICOs aren't big investors in those, and even among those that are, I doubt they'd like to see their checking account become worthless.
- turk184 9y agoIt's the penny stocks of the 21st century. And some Ponzi thrown in there for good measure. What is brilliant is how these schemes capture the imaginations of the right people (tech-savvy Millenials) and then shears them like sheep. Not that I agree with the ethics of it or the optics, for the matter. It's just a classic ripoff with a technological backstory.