• Zannsolo@lemmy.world
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    5 months ago

    There was a while in 2019(I think) when all the office talk(software firm) was crypto then it just stopped it was glorious.

      • technocrit@lemmy.dbzer0.com
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        5 months ago

        crypto was a giant pyramid scheme

        Was? I don’t agree but I understand when people keep saying it’s a pyramid scheme. I don’t understand the past tense though.

        Absolutely 100% is fiat

        I think a key difference is that it’s maintained by an open network of computers rather than a state.

      • Zannsolo@lemmy.world
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        5 months ago

        I actually get crypto as a concept but I really think their can only be one coin of any true value, and right now it’s Bitcoin. I think at some point something will come and knock it off the pedistool.

        I’m not a get rich quick kinda guy so I never bothered with crypto and have only played around with a little bit of money trading stocks and treated it just like I do gambling (money I will lose, although I did make a bit of money back on GameStop lol).

        • dhork@lemmy.world
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          5 months ago

          The worst thing that ever happened to Crypto was the price rising so high. It made idiots billionaires overnight, and then these idiots thought that made them smart. Now they spend all their time going to Blockchain conferences and patting themselves on the back for being so revolutionary when in reality they just got lucky.

    • technocrit@lemmy.dbzer0.com
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      5 months ago

      Yeah, times like 2019 are the best times to buy actually.

      When crypto is up, the hype gets out of control and fools rush in to buy. The best time to buy is when crypto is “dead” once again.

      (On the other hand bitcoin and proof-of-work is already any obsolete technology… And almost all NFTs are trash… So stick with ETH or whatever instead.)