I assume this person is like 12. Anyway....serious question: "Why do crypto people think there is no other way to make money?" Odd concept really. It's like saying that you make all of your money as a landlord, so the guy who owns a few franchises of a fast food company is an idiot. It is almost like they are so busy pumping themselves up, that's what they have. I HAVE made a bit of money in crypto, mainly in ADA and VET. However, I never for once thought I was going to retire on any of it. I traded it, like anything else. It's a skill I have, and can take it into any market I wish. It's what I do, be it FX, stocks, futures, or even digital tulips. If it moves, I can trade it. "Getting rich" via crypto is something that a lot of people WON'T be doing. They will shit their panties if there is another massive sell off. Again, I get it. Market goes parabolic and you don't sell it makes you brilliant. However, why does the market matter? Also, as soon as central banks release a digital coin - the game is over whether you like it or not. (At least from the digital currency side of things.) I do think there is a big future for block chain in some things, but it is much further away than a lot of the children think.
No, it not like saying that at all. You could very well see something like this one day: Bitcoin = MySpace Cardano = Facebook
Gold has an intrinsic value (or fundamental value) that exists but does not match its market value. Gold is required for certain scientific and manufacturing processes that are unique to it so it has a real value that no other element can replace same with silver.
This is a very fascinating point. I know a lot of people say "It can NEVER BE STOPPED." They obviously didn't watch how quickly half of the world rolled over at the first signs the governments were going to make them do things based on a flu. The US Military tends to pay visits to countries that won't use the petrodollar. You better believe that if it ever competes against the greenback - there will be violence.
You're an idiot and part of the problem of why ET folks are not jumping into this space You say you HAVE made a bit of money, when wtf, you should have made tons of money doofus, VET is up almost 1000% since January of this year and over 4000% from a year ago, ADA is up hundreds of percent since January and about 3000% from a year ago And you did not make millions off of them? Why? because you can make money somewhere else. You're stupid Bitcoin and cryptos are worth over $1.8T and a lot of wealth are being created, ETH, LTC, DOT, SOL, LINK,, you can look up the performance of the top 100 coins from beginning of this year and from last year
Bitcoin has worked well for Tesla, based on yesterday's earnings report... especially considering that Tesla's investment was a contributing factor in the current rally. https://www.wsj.com/articles/tesla-makes-more-money-trading-bitcoin-than-selling-cars-11619517615
Forex is a great business and I consider it as a big opportunity to make good money for my livings. I mostly trade with a low spread broker and my broker is regulated and reliable.