>Crypto should never be an investment. That is one of its primary flaws. Yes, that's unintentional, but it is an investment anyway. Yes, it's also a gamble, li

>Crypto should never be an investment. That is one of its primary flaws. Yes, that's unintentional, but it is an investment anyway. Yes, it's also a gamble, like any other kind of investment. Every investment has its risks. This is a very, very risky one. >Don't believe me? Then I would expect you to be investing in stablecoins. If you only invest in Bitcoin and Ether and not stablecoins, then you are playing the stock market, because stablecoins are kept stable the same way countries can float their currenct to avoid wild swings in valuation. Of course I believe you, I'm an argentine. In my country people is forbidden to buy other currencies. They "can", but they are limited to 200 USD every month (minus the consumption they spend by paying Netflix and Spotify with credit cards) and it's taxed. And I'm not taking into account a lot more rules. So it's mostly obligatory to use our local currency that loses 50% of its value every year. We even have a black market for the dollar. It's sold for twice more from what the government says it's worth. When you Google for our currency, that's just the official value. valordolarblue.com.ar shows you the real value for a dollar in pesos, that's how much it's sold for in the streets. The official value only exists for paying us programmers and other exporters half of what we earn when we work for foreign companies (and that's before the 50% of taxes), as we are obligated to convert all our money to argentine pesos. The situation is even worse for farmers, they pay them like 60 pesos per dollar. So yes, people in my country use crypto mostly for the USD stablecoins. It made the life of a lot of people better too, as the best "investment" here is saving dollars. >I believe crypto will have a use in the future, but only with stablecoins, similar to commercial paper. As it is today, it is a scam for gambling and illegal activity, and a few people who want penalize their impoverished foreign relatives by sending them tokens that might be worth much less the day after they are sent (the cost of sending >US$10,000 is peanuts compared to the loss of value due to BTC/ETH fluctuations). I do so too, but I don't think that the investing / gambling side will disappear. Like it or not. But I also think that tying the value to the US Dollar or any other currency is disappointing and a bad idea, as it's keeping itself to being marketed as such and, as I said, causes a competition against the Fed. And the disappointing part is that crypto shouldn't strive to be just a dollar or an euro. Having an stablecoin without pegging it to another specific currency would be ideal.