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Re: Crypto is a real value here

By: micro in 6TH POPE | Recommend this post (0)
Fri, 13 May 22 8:07 PM | 33 view(s)
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Msg. 31964 of 60008
(This msg. is a reply to 31960 by Decomposed)

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De

currency is simply the vehicle to purchase other things and has a standard value. You can take it and go buy Gold, silver, diamonds, platinum, whatever and then hold onto what you bought..

You will likely discover that merchants or people won;t take yer gold bullion for payment and give you change back.. Its why the fiat money was once backed by Gold reserves and some nit wit decided to use the credit system as the backing..

No doubt Gold reserves are the best think behind currency but its kinda difficult to go pay for a candy bar with a bar of gold..


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The above is a reply to the following message:
Re: Crypto is a real value here
By: Decomposed
in 6TH POPE
Fri, 13 May 22 7:07 PM
Msg. 31960 of 60008

ribit:

Re: “...nope, ya gotta invest in something that will grow or pay dividends or both. On the other hand Crypto always sounded kinda hokey to me.”
Currency shouldn't ever be seen as an investment. You buy it for use, for future use, or as insurance. This goes for dollars, for crypto, for gold. For any currency.





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