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RE: What Gives Cryptocurrencies Their Value
im throwing every extra dollar i have into crypto. i believe in it. so fuck it. if it wins i win. if it loses then i lose. but atleast i did something with my money that i believed in and thought would change the world.
I think it a wise move and the chance of losing is slim. Just be careful what you put your money into...a lot of scams out there.
Avoid ICOs completely. Get a nice diversified holding of some of the big ones.....also adding some steem is a good idea since you can leverage by upvoting increasing the amount you earn.
@taskmaster4450 i dont bother with ICO's. im a very tech savvy person. i code myself. i invest in a lot of the major cryptos and some lesser known ones depending on the technology and development behind them. i never invest in something i dont thoroughly understand and trust.
the best advice i can give anyone is that if you dont understand it or it doesnt make sense, dont trust it and dont invest in it.
Great...code us up some stores on here to spend our steem so we dont have to turn it into something else after the price skyrockets. :)
I hear you....however, I will keep repeating the mantra because there are a ton of non tech understanding people on their way into this sector.
The tech based, early adopter stage is done....now comes the finance...the overall IQ just went way down.
i still think we're in the early adopter stages. i seen something the other day that btc accounts for like 0.01 percent of monetary transactions and theres something like 75% of the world not even knowing about it yet. so theres still tons of room to grow.
also, funny thing. ive been thinking about working on some sort of marketplace idea. was just talking about it to someone the other day haha.
I agree we are in the very early stages. We tend to get skewed because we are surrounded by people who know and understand crypto. The truth is that most do not even know what it is. Bitcoin is what most heard of, if they heard of anything at all. Steem for example, is known to less than 1/100th of the population.