President Trump : "Bitcoin is a scam."
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Well then don’t invest. Good grief I don’t get this hatred for crypto. I made some money on dogecoin because I put in like 20 bucks when it was less than a penny.
Proof-of-work cryptocurrency is backed by the destruction of wealth. Not wealth held in escrow like the gold standard, but taking something valuable and converting it into waste. A normal payment processor uses a thousand times less resources per transaction and will only become more efficient as technology becomes ever more optimised, while proof-of-work scales the difficulty of processing a transaction to counteract such improvements.
I have money in gold/silver but I figured lit wouldn’t hurt to throw a little in different crypto coins. Thanks for breaking this down for me
Everyone will tell you what you should and shouldn't invest in so I can only give you my opinion. Disclaimer: this is not financial advice.
Other than bitcoin and etherium, just for being the biggest and most well known, I'd look at privacy coins and coins with functional use outside of a currency. In my case I have monero and cardano.
I barely know enough about crypto but is etherium worth it? I don’t need mega millions just something I could maybe help get a down payment of a not piece of shit house