African-Americans Outpace Whites & Hispanics In Cryptocurrency Investments, A New Avenue to Wealth

EndDomination

Veteran
Supporter
Joined
Jun 22, 2014
Messages
31,554
Reputation
7,185
Daps
110,605
you clearly don't understand the space if you think crypto and blockchain have the same value proposition as "any other speculative asset".

and yes, the market is very volatile and most of that is driven by speculation as it currently stands, but bitcoin (and crypto in general) has also been the best performing asset in the past decade. and it's still early. this is not going away. this is the internet in the late 90s.
Strong username to post ratio
 

dora_da_destroyer

Master Baker
Joined
May 1, 2012
Messages
65,145
Reputation
16,152
Daps
267,058
Reppin
Oakland
you clearly don't understand the space if you think crypto and blockchain have the same value proposition as "any other speculative asset".

and yes, the market is very volatile and most of that is driven by speculation as it currently stands, but bitcoin (and crypto in general) has also been the best performing asset in the past decade. and it's still early. this is not going away. this is the internet in the late 90s.
Speculation fuels hypergrowth, but when no fundamentals underly it, when it crashes, it crashes spectacularly.

Kinda like the housing bubble in 07, huge gains in home values because of behind the scenes manipulation and speculative investing, when everything crashed, those home prices in bubmblefukk nowhere and “suburb 1+ hour outside the city, USA” crashed the hardest and took the longest to recover because they weren’t underpinned by the fundamental in real estate - location.

There are some safer projects in crypto, those being tied to real uses, but people need to see most of that shyt as gambling and learn when to pull their chips off the table. That’s the biggest issue, too many black folk without investing acumen gonna get caught by that rug pull.
 
Top