@Porwest
more from that month
So, crypto is in the tank. No doubt about it. So, what do we do now? How do we think about what we do and where it might go? What do we think about what value crypto has? Now and going forward? Do we invest more or simply wait? Some of what I have to say here might be controversial, and for others it may rile some up. But I think I do my best to offer some thoughts and perspective I think many people should be thinking about and that could be useful in your crypto journey. Your thoughts are always welcome, and I look forward to initiating a discussion about it. https://read.cash/@Porwest/hey-crypto-where-to-now-444607ea ***Image courtesy of Pixabay, user Tumisu. https://pixabay.com/photos/bitcoin-coin-hoodie-mysterious-man-6054330/***
11 comments
This is true I agree with you bro, your right but now we should to never gives up and more wait
But wait for what is my point. Very few people can really say WHY crypto should go up or be a good investment. All I hear is, "it's not fiat," and somehow that makes it a great investment. Much of my posts, I will admit, is bait. It's to see if anyone can actually provide a REASON. So far, I have not seen one, even from those who know a lot more than I do about crypto. So much of it is just based on hopes, dreams, and desires. Little of it is based on real data and real things that define value. I think this is a serious problem.
Took my I'm read through what you wrote. Firstly we never can tell the future of crypto it's uncertain Who knows if at some point BTC might be rugged pulled by the owner who seems to be anonymous until today. Like you said it might be one payment system but I disagree with that toe honest it's not going to be a form of payment or something. It's passing through a stage called adaptation, as we gave it already the country El Salvador has already legalized it as it's currency.
El Salvador is not a country worth touting about though. If we were talking about a first world country with real economic strength, that would be one thing. But we are talking about a poor, impoverished country that has serious economic problems, that economically contributes nothing of value to the rest of the world... It is a horrible way to say BTC has somehow "arrived." And quite frankly, if El Salvador cannot fix its economic issues, BTC is nothing more than more of the nothing the citizens had before it.
But don't you see it from my view, whether el Salvador is not a country worth touting about or not the fact there is btc has just being adopted by a full landscape of populated humans as an official currency.
It doesn't matter what the currency is. $1 is $1. Call it a dollar or a peso or a ruble or a dinar or a bitcoin. It's still $1. The only thing that matters is how the people can obtain more dollars. This is the underlying economic thing that needs to be fixed otherwise nothing changes except the currency used.
Okay, I'm totally confused with the last paragraph.
Basically what I said in the last paragraph is that because of the economic problems in El Salvador citizens are poor. With the introduction of BTC into their economy, the citizens are still poor. They had nothing before BTC, and they will still have nothing AFTER it UNLESS El Salvador can fix the issues that are depressing their economy and holding their people down in poverty.
So don't you think of the BTC as a step towards economic liberation
No. Because economic liberation will not come from the currency. It will only come from what El Salvador can PRODUCE that brings value to any currency they may use.
So I heard they are gong to be powering the mining with the volcanos they have abs trust me they have lots em And yes you are right but this move thru have made it's undeniably a stepping stone