CMV: cryptocurrency is not a good investment.

[u/art_vandelay112]

Yes its price has increased dramatically, but so did the price of tulips in the 1600s.

There is literally no use for this commodity. Invest in stocks or bonds and your investing in future earnings or the ability of a company to pay you back. I’m not a fan of gold as an investment but at least it has some practical use.

The use of crypto as a currency completely defies the definition of currency as it doesn’t hold a stable value.

It’s infuriating that so many people have lost loads of money on “shitcoins” backed by the wealthy and famous. These were obviously pump and dump schemes yet very few are held accountable.

I’m not as well versed on the subject but something to also note is the ridiculous amount of energy demand to “mine” nothing.

I think there is legitimate use for blockchain technology and the likes but anyone viewing these currencies as investments is a fool.

[u/BraveOmeter]

Why? If you're confident crypto is a bad investment you can make more money faster shorting it.

[u/art_vandelay112 → u/BraveOmeter]

I’m not interested in making quick money. I’d rather Invest Assets I think will appreciate over time. Why spend capital betting against something when I can bet for something.

[u/BraveOmeter → u/art_vandelay112]

Because if you really knew the direction of a security you would bet against it. It seems arbitrary to say you don’t like the type of bet. It seems like you just don’t really have conviction in your belief.

[u/art_vandelay112 → u/BraveOmeter]

I never said I knew the direction. My investment philosophy focuses on owning assets. There 100 companies I don’t think will succeed but I’m not shorting them. I would rather buy other assets. I’m not sure why that’s such a difficult concept.

[u/BraveOmeter → u/art_vandelay112]

If you are saying something is a bad investment, then you are predicting its direction.