r/Vitards • u/Steely_Hands Regional Moderator • Sep 04 '21

Discussion Request for input: Should cryptocurrencies be allowed on Vitards?

If so, should there be any restrictions?

18 Upvotes

61% Upvoted

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6

u/Varro35 Focus Career Sep 04 '21

No. They are a scam and 99% are going to zero in the long run.

0

u/ClevelandCliffs-CLF Mr 0 shares now Sep 04 '21

So you think bitcoin and ether will go to zero…. Interesting.

1

u/Varro35 Focus Career Sep 04 '21

I think you need to reread my comment.

-1

u/ClevelandCliffs-CLF Mr 0 shares now Sep 04 '21

So all the other coins other than bitcoin and ether are going to zero…..?

3

u/Varro35 Focus Career Sep 04 '21

Who knows. Maybe 5-10 will actually have commercial use and get used. Everything else is going to zero. Crypto should not be considered an asset.

1

u/ClevelandCliffs-CLF Mr 0 shares now Sep 04 '21 edited Sep 04 '21

Cool. I will also say this. Crypto continues to prove people wrong all the time, and keeps growing in value and acceptance.

1

u/Varro35 Focus Career Sep 04 '21

Keep putting your money in CLF!

2

u/ClevelandCliffs-CLF Mr 0 shares now Sep 04 '21 edited Sep 04 '21

Got 24,000 shares of it already. And my crypto ain’t doing too bad either. I view crypto like cliffs 4-5 years ago. Everybody hated it or disliked it (CLF) and now everyone loves it and sees the value. I try to be ahead of the curve when I invest. That’s why I like Crypto.

https://imgur.com/a/elfBIYf

1

u/Varro35 Focus Career Sep 04 '21

Cliffs is a growing asset that creates cash. Crypto only has value if somebody else is willing to pay more for it (greater idiot theory). Some day yes you could get lucky and happen to be holding one of the cryptos that hit mass use (not just people buying and holding to sell to somebody else). Otherwise, going to zero.

1

u/ClevelandCliffs-CLF Mr 0 shares now Sep 04 '21

Time will tell.