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submitted 1 year ago by Custoslibera@lemmy.world to c/memes@lemmy.ml
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[-] TrismegistusMx@lemmy.world 3 points 1 year ago

It's as legitimate as any country's currency, as long as that country is being run out of some random basement closet in Silicon Valley.

[-] sturmblast@lemmy.world 2 points 1 year ago

everything that you said so far just tells me that you don't understand it. Now I'm not saying that a lot of the crypto out there and actually the vast majority of crypto out there is garbage, that's entirely true, however Bitcoin, Ether, Solana, XRP, Cardano.. and several of the most popular and legitimate companies and technologies out there are exactly that, legitimate.

giant corporations Banks and financial institutions don't put billions of dollars into investments of crypto without validating the asset

[-] TrismegistusMx@lemmy.world 1 points 1 year ago

And everything you said so far just tells me that you're invested in your sunk cost fallacy.

[-] sturmblast@lemmy.world 2 points 1 year ago

in the past 4 years I've made $7,000 casually trading crypto and everything is just fine so whatever man

[-] TrismegistusMx@lemmy.world 1 points 1 year ago

That's what the numbers on the account says anyway.

[-] sturmblast@lemmy.world 2 points 1 year ago

no that's cash in my bank account at this point smart guy

[-] sturmblast@lemmy.world 1 points 1 year ago

Also.... In September 2021, El Salvador adopted Bitcoin as its second legally-recognized national currency alongside the U.S. dollar.

[-] TrismegistusMx@lemmy.world 1 points 1 year ago

Maybe you'll be able to retire in El Salvador.

[-] sturmblast@lemmy.world 2 points 1 year ago

it's called institutional adoption

this post was submitted on 14 Sep 2023
1434 points (94.9% liked)

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