Oh there's money to be made, but yes I do now see it for what it is. Its a popular gambling game. As long as new players are starting up, existing players make money. Being first in first out is the way to play, but you have to understand the game. Its not like you are buying anything real. There is no country's GDP to underpin any value to any of them. There are no assets held by any of them. At least in a casino, the value of your chips is certain and backed by currency. In the game of fictional money, you have nothing to back up future value beyond new players entering the game. All the talk of these things allowing trade is from people who don't understand the need for value stability to allow confident trade and contracts to exist for the future. PayPal allows transfer of one currency to another currency elsewhere. To say crypto is needed is nonsense. Little people use PayPal, big guys use bank transfers and the whales buy currency futures for stability in their contracts.
So who needs crypto currencies? No one. Its just a gambling game. If you accept that, good luck, but to claim anyone who looks into it and decides not to play, doesn't understand it, well keep deluding yourself. Don't forget to turn your profits back into real money though. No one wants to be holding crypto currency when the players move onto the next game.
So who needs crypto currencies? No one. Its just a gambling game. If you accept that, good luck, but to claim anyone who looks into it and decides not to play, doesn't understand it, well keep deluding yourself. Don't forget to turn your profits back into real money though. No one wants to be holding crypto currency when the players move onto the next game.
