As Crash Deepens, Investors Say Bitcoin Is Headed for Zero Dollars

[Norrrm]

30. Crypto... A volatile, unstable, wishful 'currency' with no assets or gov't support backing it.

A volatile, unstable, wishful 'currency' with no assets or gov't support backing it.

The big money return in crypto is:::
1. Starting it, hyping it, selling it, and getting out, leaving the
suckers holding the bag.
2. Handling/storing it for others.
...a. Not your own money/crypto. Someone else's money/crypto.
...b. Lots of fraud/money manipulation/theft/lack of regulation.
3. Backed by trust/faith/great promises/optimism... but no
real assets.
4. It can literally disappear and good luck with lawsuits.
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A few have profited by 'investing' but not the majority.

Bitcoin is one of the very, very few that has made profit.
And that is only because enough people WANT to believe in it.
Even bitcoin has no real assets backing it.

BC is used as a fantastic example of crypto but it is a lucky outlier.

Hundreds of others have flopped.
Should the US Gov't invest in/purchase massive amounts of crypto with taxpayer 'real' money?
Every legislator approving this should be made to invest half their family's life savings in the very same crypto to show their confidence in it.

BTW... You're buying it with your 'real' money.
Will they let you buy it with your other old broken crypto?