LogFAQs > #965007748

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TopicThe crypto bubble popped
CapnMuffin
05/13/22 1:11:27 PM
#258:


I think the issue here is were not making a distinction.

Yes there are multitudes of people that use blockchain technology purely as a speculative investment and try to make money off the appreciation and changes in demand of a token.

However the technology itself can and is widely used in a variety of ways.

The distinction arises with the purpose in owning the tokens. Because day trading and currency are only a couple in numerous. I know of and have crypto that convey/accommodate real-world tangible benefits and the ongoing price of them is often entirely moot. Its not ALL just bros taking turns circle jerking around a price chart.

This problem is not necessarily a crypto specific problem. On the whole, the common retail investor has all the easy access these days but none of the know-how, temperament, or even an idea of the time horizons. Where crypto exasperates the problem is, ironically, lack of regulation.
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