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Topic	Are you investing in crypto? If not, why?
pure_temper 09/14/21 10:37:05 AM #16:	Squall28 posted... No because I want my investments to actually generate profits. If I own Procter and Gamble stock, I own a part of their business, and get some of their profit when they sell their goods. If someone goes out and buy Tide, that's money in my pocket. They're a self-sustaining business that makes money year after year. Crypto on the other hand has value entirely dependent on people's hopes. They buy it and hope it goes up. There's no underlying business. It has the same foundation as a pyramid scheme in that it only goes up due to trying to get more people to buy into it. It only gets money from its own members. this is wildly factually incorrect spend more time reading about the projects --- It's obvious all religions are fundamentally true. <cite>pure_temper posted [p:958042825] in Are you in... [t:79660950]...</cite> <quote>Squall28 posted... </cite> <quote>No because I want my investments to actually generate profits. If I own Procter and Gamble stock, I own a part of their business, and get some of their profit when they sell their goods. If someone goes out and buy Tide, that's money in my pocket. They're a self-sustaining business that makes money year after year. Crypto on the other hand has value entirely dependent on people's hopes. They buy it and hope it goes up. There's no underlying business. It has the same foundation as a pyramid scheme in that it only goes up due to trying to get more people to buy into it. It only gets money from its own members.</quote> this is wildly factually incorrect spend more time reading about the projects --- It's obvious all religions are fundamentally true.</quote> ... Copied to Clipboard!
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