Cryptocurrencies aren't real? For real?
I just read on coindesk, where howard, a notable investor classified cryptocurrencies as fad and just a pyramid scheme. At this stage, I didn't really expect anyone to come out to say such but who knows? Maybe I am wrong.
In his speech he said;
"In my view, digital currencies are nothing but an unfounded fad (or perhaps even a pyramid scheme), based on a willingness to ascribe value to something that has little or non beyond what people will pay for it. But this isn't the first time. The same description can be applied to the Tulip mania that peaked in 1637, the South Sea Bubble (1720) and the Internet Bubble (1999-2000)."
What are you thoughts about this statement and what is your opinion regarding cryptocurrencies at large?
For more info; visit https://www.coindesk.com/cryptocurrencies-not-real-says-investor-howard-marks/
they are real :) i know all of your posts are wonderful, and i read them @ronaldmcatee
Thanks @ronaldmcatee! I am happy you like my posts.
Great post !!!
Follow me and i will follow you !!!
And lets do the upvote and comments exchange !!!
Done that already.
He could be right or he could be missing out on the greatest change in currency in his lifetime...chances are good once he sees it isn't going away...he'll be a player...then again...maybe he is already and wants better prices... or just buying time to have time to sell off his stock portfolio!