Do You Think Crypto Is A Glorified Gamble?

What do you consider gambling? In my opinion gambling is risking your money for high returns. It’s always buying something and hoping to sell it at a higher price, so you are almost practically betting that the value will go down. Lots of people have classified bitcoin or rather the whole cryptocurrency a Ponzi scheme, and in a way, if you are viewing it from a non crypto fanatic point of view, almost everything is a Ponzi scheme. What separates a Ponzi scheme investment and a legitimate investment is the utility and usecase.
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Initially when bitcoin was created, to an average person bitcoin would have sounded like a Ponzi scheme. Imagine being told that there is a program that is like money but it’s not feasible, it can not be seen or touched. But it’s secured, unshakable and transfer time is really fast. The first few set of people that heard about it will consider it scam, because to them that is not enough utility, but it takes a great visionary to see the value of bitcoin at the earliest stage and decides it’s a great technology and it is worth investing.

Hal Finney is the first person to receive a bitcoin transaction from Satoshi Nakamuto, and he was a cryptographer and a computer scientist, the moment he heard about bitcoin and knew its utilities he knew this was one of the greatest things that has happened to the world.

Back to crypto and thinking if it’s glorified gambling or not? In my opinion almost all investment is a gamble, because there is no investment that doesn’t come with a risk. The risk might be extremely low but as long as there is a risk attached to it, it’s still gambling. For instance, if we want to use feasible products as an example, let’s say you are a merchant that sells cars, you are taking a risk. Your car shop can be set on fire, your car shop can be burgled, it’s possible that you might encounter the wrong dealer and buy stolen cars, the authority finds you and confiscate the cars. You can also have those cars packed in your car shop and no one will buy it if not marketed. It’s possible that while importing the cars, the ship can capsize and your cars will sink. So what am I saying here? Any investment is a glorified gamble, anything can happen, so is crypto.

There are a lot of utilities attached to crypto, this makes it hard to believe that crypto can go to zero one day, but the same force that is pushing the crypto market from $3 Trillion dollars to $900 Billion, can also push it down to zero, if liquidity gets sucked out of the market, that’s the end. Look at what happened to Terra Luna, it had great utilities but the mechanism got flawed and almost $30 Billion liquidity was gone. Can it happen to the entire crypto space, yeah, anything is possible.

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Watch out for the human traffickers at hivefest. You wont know it until its too late. STAY AWAY! Beware, traffickers can be women or men! They will act nice until they dont. There is human trafficking going on around this type of crypto. I have witnessed it. They literally have attempted my murder and are trying to kill me with V2K and RNM. Five years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, DHS, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism ..... https://ecency.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem if you run into one of them you may want to immediately shoot them in the face. 187, annihilate, asphyxiate, assassinate, behead, bleed, bludgeon, boil, bomb, bone, burn, bury, butcher, cap, casket, choke, chop, club, crucify, crush, curb, decapitate, decimate, deflesh, demolish, destroy, devein, disembowel, dismember, drown, electrocute, eliminate, end, euthanize, eviscerate, execute, explode, exterminate, extinguish, finish, fry, grind, guillotine, gut, hack, hang, hit, ice, implode, incinerate, kill, liquidate, lynch, massacre, maul, microwave, mutilate, neutralize, obliterate, off, pop, poison, punnish, quarter, ruin, shank, shock, shoot, shred, skin, slay, slaughter, smoke, smother, snipe, snuff, squish, stab, strangle, stone, suffocate, suicide, SWAT, swing, terminate, torture, terrorize, whack, waste, wreck. You better fucking kill me.

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In my view, gambling is paying for something with the outcome totally left to chance, and one person wins at another's expense. Investment is (or should be) done with common sense. Ideally it should also be something that you value, or feel will improve the world.

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To put it simply, at this point, almost every single cryptocurrency projects are Ponzi schemes until proven otherwise.

But then, we have seen a project like Hive beating almost all the odds.

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This is the honest truth, when people try to discredit a crypto project I always tell them that everything is a Ponzi, choose your Ponzi and stick to it.

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Hahaha, it's funny how you said, "choose your ponzi and stick to it" 😅😅

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All that matters is to choose the right risk. As everything in life is risky. So one just have to choose the right risk and learn to manage it, and don't become too addicted to it, that is, do not allow it to control you. Thanks so kindly for sharing.

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I agree with the information that you have given above but one more thing that many people consider that crypto means buy low and sell high but it is not just it because crypto space has lots of more things and the main thing is decentralization and freedom. The technology is the biggest factor here.

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I don't think all cryptos are ponzi schemes brother, but I agree that they are risky when it comes to investing, just a gamble.

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What differentiates a Ponzi scheme from a pseudo-ponzi like the US economy is that the latter actually produces something. That’s why Ray Dalio said productivity is the key to sustaining an economy. Otherwise, credits will just be created out of thin air, bubbles will be formed, and eventually, the whole economy will collapse. Now apply that simple idea to Crypto; ask the question, “does the project produces something?” I think we all know most crypto projects won’t pass the test.

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It largely depends which angle one is looking at it from. In the beginning yes. But when one stays in the space longer they find a side hustle that allows one to plough back money through Dca. It's a job and a tool for one to sharpen there economics understanding

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Crypto is an investment.

Especially systems like HIVE. I am investing on a blockchain.

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I really like your very balanced point of view, many times we are so excited with cryptocurrencies that we fall into fanaticism, but it is true that it has a risk associated with it but it is the same risk as any other investment, people just have to have the necessary balls to face the losses due to bad decisions.

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Glad to see your views, it just shows how open minded we can be sometimes.

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What you say in this post is really true. Every investment has risks and possible benefits, because from one moment to the next, countless things can happen (most of the time unpredictable) that can make us win or lose.

And literally, these risks exist for cryptocurrencies as well as for any type of investment that we can talk about.

Very good publication. Thanks for sharing. Greetings.

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