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Crypto is fascinating to me as its the first truly social media driven financial market. If twitter died tomorrow, most crypto currencies would go to zero or wo
by wonderwonder 4y ago
Crypto is fascinating to me as its the first truly social media driven financial market. If twitter died tomorrow, most crypto currencies would go to zero or would start at zero and stay there. Just as social media surfaces the worst of society, crypto currency often reflects that. I do think there are interesting use cases and i do invest in it as a portion of my retirement. I have never felt joy at someone else losing money as at the end of the day many of these abrasive personalities are just reply guys living lives of quiet desperation hoping for some attention and a small chance of exiting the rat race. Majority of them are dealing in very small volumes and are fueled by hope. Why would I wish loss on these people? The truly successful crypto bros are likely still very wealthy and will weather the bear market. Its the small time average investor that serves as exit liquidity.