Crypto is performing far worse than even the riskiest decile of the stock market. Which should surprise nobody.
This isn’t how numbers work.
Also, practically every asset class has a member that went to zero. The question is what fraction, and how did the others do. If you bought a basket of super-risky assets, over the past years, they went up like crypto and down less.
Huh?
If you want to go for a rodeo, there are litanies of similar success stories in penny stock and angel investing.
It seems like the pro-crypto arguments end up being circular sometimes (not from the same person but the community).
If the market is good, it's a great investment.
If the market is bad, buy the dip!
If it's unstable, remember all thos people who made money?
If it's stable, well it's a currency after all.
There are so many people who view crypto differently there's always someone there to sing it's praises. I'll still have no idea what crypto is supposed to be aside from a vehicle for fraud.
It's anonymous payment!
Great for
- avoiding sanctions
- selling drugs
- receiving blackmail payments
Those are huge markets that are completely untapped by legacy payment processors!
If that doesn't sound like a great investment opportunity!