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> Lastly, I don’t know anybody invested in crypto that hasn’t made money, so anecdotally that indicates the number is much higher than 5%. You make money when
by ddorian43 5y ago
> Lastly, I don’t know anybody invested in crypto that hasn’t made money, so anecdotally that indicates the number is much higher than 5%.
You make money when you exit and sell the asset for cash. Have they sold ?
- jhgb 5y agoI thought this "asset" was supposed to replace cash. Why would you "sell it for cash"? Other than an equivalent for selling US dollars for Euros.
- ddorian43 5y ago> I thought this "asset" was supposed to replace cash. When you can buy food, house/rent and the doctor accepts bitcoins it will become cash.
- jhgb 5y agoThat's the massive problem with decentralized "currencies". Even if the Colombian peso is used by 0.6% of people in the world, it's still a currency because lots of people can pay with it in almost all their interactions with the economy. If a decentralized global "currency" is used by 0.6% of people, it's not a currency because almost nobody around you accepts it. Even at 6% it would not be a currency. Maybe at 60%, but how do you get there from 0.6% in the first place?
- ryanlol 5y agoThat’s great, the concierge company I work with handles all of these things and accepts bitcoin.