valerie wrote: It's ghost air. Not even money. Not cash. Just ghostesss.
Right just like how your President treats legal money, like it's nothing
As far as Crypto, that's why it's called VIRTUAL currency, but keep in mind it still takes REAL money to buy crypto, so exchangers and crypto sellers are dealing with real $$$, then it becomes a crypto "currency" which gains or loses in value based on the buying and selling - no different than stocks, if you think about it, it's all done with real money, but instead of purchasing a company's stocks, you are purchasing a virtual currency. Then you have people buying crypto with stolen cash and credit but that's another story. In the end, crypto is extremely volatile, unregulated and very high risk because of the type of investors and potential for much bigger sell-offs, but it goes the other way too, potential for higher ups.
I am glad I never went into crypto, luckily, for some countries it is very difficult to buy / sell crypto, like Canada, we need to go through a lot of KYC stuff - yet some other countries can buy crypto as easy as they can buy candy, anonymously through foreign exchangers. In Canada you cannot just go to a site and use your CC and order crypto and sell it, that is a good thing. In the US I believe PayPal supports buying and selling crypto through its platform, not sure 100% of that, but it is not available in Canada PayPal.
I seriously do not know why anyone would invest in it. I never have understood that. Many members here wanting to be paid in ghostesss. It's high risk and the only people that make REAL money with it is the scammers at the top of it all. That's the way it always is with that kind of crap.
Agreed 100% - Yes it is virtual but has value that can convert to real world currency, problem is volatility. You don't have to be a scammer to make real money from crypto - some people just buy and sell to make a profit, it's a bad investment if you put most of your cash in it though - and then you have miners, who invest a lot of money to mine crypto and earn $$$$, and they are not running any scams - there was a time when mining was very profitable, if you had the capital to invest in good gear - not much anymore now...... but yeah I think those represent only a small percentage of crypto users - the bulk of users are scammers and dark web, much like Liberty Reserve was mainly used for illicit and criminal activity, as was AlertPay and Payza
and e-Gold I'm sure you remember, used on HYIP and ponzi sites.
So yeah crypto is the currency method of criminals mainly, but not entirely. There are some GPT sites (more and more) that do pay in crypto, but the minimum is much higher - some sites have a $50+ minimum. I honestly do not know how some GPT owners do this, it is just as much a high risk for them as it is for the member - unless these owners have made massive purchases LOW. A GPT paying in crypto is asking for trouble in my opinion - Facilitates fraud !
If you're young enough and want to see a significant return on your investment without risk, buy land and/or metals. You cannot lose. People are always going to want/need land. People are always going to want/need metals. Metals, as in gold, silver, copper, diamonds, and few others like quartz, marble.
ahahaha so true on the land part
Once upon a time you cold buy a nice home for under $90k
Yes it is a good investment - and a risky one - the risk part is if you sell at today's prices, the new owners will be VERY picky - and more likely to sue for hidden defects or bother you about stuff they "discover". It's a headache. When you sell a house, you are subject to the same legal-warranty, in that you guarantee the state and quality of the house for a reasonable duration - unless you sell as-is, but then you will be selling at a much lower than value.
As to metals, well, yeah look at copper prices now - sure I think I'll buy a few cases of diamonds
anybody remember when Gold was under $200 ?
Having a good balanced portfolio and diversifying investments is still key - if you make the right investments you can double your money every 7-10 years.