Mostly a scam, with some interesting technological/blockchain ideas that have no impact on the value of each coin. You can make (or lose) some money if you get lucky but that's harder than you think, given that Elon & the rich buyers need to make a profit and that profit's gonna come from regular investors.
The main problem is that the paper fiat money is backed by the governments who require you to pay taxes and if you don't they have very real and tangible guns and jails. So until they decide to make us pay in some crypto, it's essentially worthless. Also if they do, the governments will just make their own cryptocurrencies instead of the ones we have now.
Exactly, this isn't 2017 anymore. Do research, and realize that there are at least 50 good projects out there, and another couple hundred decent, but likely going nowhere projects. The rest are all shitcoins. Never buy a coin less than 500m market cap. Research your shit. Hell, even stick to the big 2 coins and you'll do fine.
Mostly a scam, with some interesting technological/blockchain ideas that have no impact on the value of each coin. You can make (or lose) some money if you get lucky but that's harder than you think, given that Elon & the rich buyers need to make a profit and that profit's gonna come from regular investors.
The main problem is that the paper fiat money is backed by the governments who require you to pay taxes and if you don't they have very real and tangible guns and jails. So until they decide to make us pay in some crypto, it's essentially worthless. Also if they do, the governments will just make their own cryptocurrencies instead of the ones we have now.
Just my opinion though.
Exactly, this isn't 2017 anymore. Do research, and realize that there are at least 50 good projects out there, and another couple hundred decent, but likely going nowhere projects. The rest are all shitcoins. Never buy a coin less than 500m market cap. Research your shit. Hell, even stick to the big 2 coins and you'll do fine.