@Porwest
more from that month
We all love our cryptocurrency. But I see stark similarities to the dot.com era which caused a LOT of people to not only visit a reality check, but who also lost of LOT of money. In this article I lay out why I think the two (the dot.com era and crypto) have a lot in common, and what we need to recognize as we proceed forward if we not only want to make a profit, but KEEP it. https://read.cash/@Porwest/is-crypto-the-new-dot-com-boom-and-bust-56d3a44f
2 comments
Oh ..... that's a real good article! I hope lots of people read it. I think that the purpose of crypto got corrupted when people started looking at it as an investment, rather than a replacement for fiat currency. In that sense, the BCH Maximalists have done a lot of damage to the crypto world. But greed is a powerful motivator, so I don't think the use of crypto as an investment will stop anytime soon. Or at least until the crypto market crashes.
I just think people need to be careful. Maybe crypto IS the future. Or maybe people just think it is and lose a lot of money trying to buck the system. I really don't know yet. Crypto has certainly outlived the dot.com era. It only lasted for a couple of years. Crypto is 12 years old. So, I guess it is a wait and see kind of thing.