The Investment Thread

Mr. Blue Sky said

What’s with the pessimism ? Seriously, you mentioned in another post earlier that you disagreed with me about the future of crypto, where does that come from ? I’m not saying that one should walk around oblivious to what’s going on around them; quite the contrary.. but when so many signs are pointing to a bright future for crypto, certain NFL players taking all their salary in Bitcoin, Amazon starting to accept crypto and many other examples- why cant some people see it succeeding ?

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In addition to what Arathrael said, just from tracking it closely in relation to the over-shorted stocks, or just tracking the price fluctuations in general on the chart, it to me appears to be more of a massive pump and dump revenue producer for large institutions rather than anything you can count on as a sound fundamentals play. Especially when factoring in the timing of the dumps, which tend to occur overnight while people are asleep.

That's just me though and should not be taken as fact, as I am no expert. I just personally don't trust the concept and price movements of crypto right now.