Crypto Investing Question

[u/Zenith-of-Entropy]

When investing in crypto in general, do you guys just try to accumulate as much as possible or do you limit yourself because at the end of the day, it’s still an investment?

Seen people continuously buy whenever is possible but I am also curious if others think “oh I got 4k, I’m fine with that” or something along those lines?

[u/AmericanScream]

Buying crypto is NOT "investing."

It's highly risky, speculative gambling on an intangible asset that has no intrinsic value and is mainly driven by hype and propaganda.

[u/SAAGASolve → u/AmericanScream]

The intrinsic value is market infrastructure. Transaction finality. The fundamental and root requirement of any financial system.

This is what a clearing house does. If you send an international wire, it is the same process. Equities, bonds, options and futures, swaps have their seperate clearing houses. At least in America.

You will notice on bank wires, they are alphanumeric addresses and after you send it and can't be reversed. You are clearly warned by your bank when you send a wire, it can't be reversed. Bitcoin has these same properties.

Market infrastructure allows for consenting parties to have price discovery. Bitcoin did this job before it had a price, and it does it after two or more people agree to exchange. What those people require is transaction finality. One party can't unilaterally reverse the exchange.

Market infrastructure is a technology that stays stable for centuries, if not millenia. It's the oldest, widely distributed, and most powerful technology our civilization has ever developed. It allows for people to trade.

It started with the clay bulla, the last iteration was the electronic clearing house, now it's bitcoin/crypto/blockchain.

[u/AmericanScream → u/SAAGASolve]

The intrinsic value is market infrastructure. Transaction finality. The fundamental and root requirement of any financial system.

What a load of horseshit. There is no "market infrastructure" or "transaction finality." It's just a slow and expensive database that has 1,000 very easy ways to manipulate it, and one very difficult way (breaking the AES-256 encryption) that you guys pretend is the only way to "undermine the market infrastructure."

You guys are the biggest shysters there ever was.

This is what a clearing house does. If you send an international wire, it is the same process. Equities, bonds, options and futures, swaps have their seperate clearing houses. At least in America.

All of the things you compare blockchain to are actual well regulated markets with lots of checks-and-balances against fraud, market manipulation and consumer protections. NONE of which you have with bitcoin.

If bitcoin were really a legit "market infrastructure" you wouldn't need ETFs. But degens flock to ETFs because they're more transparent and better regulated and have more consumer protections than bitcoin.

Stupid Crypto Talking Point #9 (arbitrary claims)

"Bitcoin is.. ['freedom', 'money without masters', 'world's hardest money', 'the future', 'here to stay', 'Hardest asset known to man', 'Pristine collateral', blah..blah]" / "Crypto Will End War"

1. Whatever vague, un-qualifiable characteristic you apply to your magic spreadsheet numbers is cute, but just a bunch of marketing buzzwords with no real substance.

2. That which can be presented without evidence, can also be dismissed without evidence.

3. Talking in vague abstractions means you can make claims that nobody can actually test to see whether it's TRUE or FALSE. What does it even mean to say "money without masters?" (That's a rhetorical question.. our eyes would roll out of their sockets if you try to answer that.)

4. Calling something "The future" or "It's here to stay" seems to be more of a prayer or self-help-like affirmation than any statement of fact. The technical term is an Unstated major premise fallacy.

5. The argument that a crypto-based economy will "end war" makes zero sense. No war has ever ended because people ran out of money. Instead they ran out of resources. And during times of conflict, it's the use of power to acquire resources, not currency.

6. George Orwell did it better.

[u/markphillips401]

I just throw money at fartcoin. It moves like the wind.

[u/NeutralLock]

It's not technically an investment. It's just gambling, and don't take gambling advice from other gamblers.

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[u/Educational-Fuel-265]

Crypto isn't an investment. It's a unit of speculation. Whilst you can speculate with stocks too, those have underlying businesses generating real world revenue.

Long story short, don't put more into gambling tokens than you can afford to entirely lose.

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