You seem like a level headed dude. What is the utility? My issue and I've been saying this for years even in the main crypto thread is that the "benefits" claimed by proponents are things that most governments are dead set against.
Governments don't like anonymous or even semi anonymous financial transactions.
Governments also don't like giving up the power to create currency.
Crypto isn't as anonymous anymore (it's been proven you can track the movement of money to people), and a lot of governments are now considering it commodities (so they get a share of the profits during tax season from capital gains). The government and banks are invested in crypto. Its purpose has changed over the years.
The world economic forum (WEF) listed 6 crypto currencies in their June 2021 community papers (Algorand, Cardano, Celo, XRPL, Solana, and Stellar aka XLM).
I am invested in XRP because it solves a real world problem. XRP boasts fast transactions at a super low costs to businesses [1,500 transactions per second at the cost of $0.0003]. If Ripple wins against SEC, which it looks like they will, XRP will be fully implemented, and those who are already invested (which are already enjoying over 100% returns, will see even more enormous returns.
You can search more about the P2P solution that XLM solves on their platform.
I have been in this game a long time. I remember when people were talking shyt about BTC a long time ago. Talking heads would laugh like a lot of these idiots in this forum when the bubbles popped. Now you can't turn on the radio without learning about how the Nasdaq and crypto is doing. Makes me laugh sometimes because I remember how much hate all those people used to have for crypto.
Good thing I didn't listen to them. I used to watch the Kieser report on RT (he and the chick were the only one speaking positively about BTC) and this old Black male YouTuber who put me on game about buying physical gold after getting my returns from BTC.
I say all this to say, your concern about investing in crypto isn't unfounded. Hence why I would tell you to only invest what you are comfortable to lose. Also, only invest in crypto that has real utility, so you can minimize your risk.
Check out the WEF "Cryptocurrencies: A guide to getting started Global Future Council on Cryptocurrencies". That will answer a lot of your questions.
