Ok, calling all the crypto people to help, I know nothing. Looking at my stupid robinhood app, that I have like one share of Ford in that I forgot about a few years ago, and looking at Monaco and crypto.com as an alternative, any thoughts on where to start (like, $500 investment maybe, that's -all- I can really afford to risk on anything, so not going much higher). @freemo ? Anyone?
@freemo @Coyote If you asked me about cryptocurrency, I would say nothing about making an investment. But if you want to use a currency, I can say something about that.
@likho @freemo Sure, I'll listen. I like to get as much information as I can before I do the opposite and lose all my money. LOL
@freemo @Coyote Most cryptocurrencies, despite the market value, will not have any adoption as a method of payment, and their value relies on people increasingly willing to pay more money for it.

As an example, this is a cryptocurrency market that has adoption as a method of payment (supplies, services, rent, etc). Yet, the currency has no formal presence on any market exchange site.

www.gchange.fr/#/app/home

4/?

@likho

"Most cryptocurrencies, despite the market value, will not have any adoption as a method of payment,"

That can be clearly demonstrated to be false as they **already** have adoption as a form of payment.

Paypal now accepts cryptocurrencies at checkout, this covers like 50% of the internet or more right off the bat.

Moreover a ton of companies directly take Cryptocurrencies as payment now:

* Starbucks
* Microsoft
* Overstock
* Subway
* Shopify
* Dish Network
* AT&T
* Burger King (Venezuela)
* KFC (Canada)
* Twitch
* Pizza Hut (Venezuala)
* Miami Dolphins
* Mavricks
* Virgin Galactic
* Norwegian Air
* CheapAir
* NewEgg

The list is rather long I do I really need to continue?

@Coyote

@freemo @Coyote Note the wording on "most". Sure, there'll be companies that accept bitcoin, eth, and litecoin, but when you go further back on the list on coinmarketcap, not so much.
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@likho

Thats hardly an argument against crypto.. It just means only some coins will be winners long run in terms of fiat.. other coins arent even meant to act as fiat so for them that isnt relevant.

@Coyote

@freemo @Coyote I don't argue against crypto. I use it in fact, but I don't invest or speculate.
@freemo @Coyote I mean, easily any investment advice should come with a grain of salt because the investor that tells you to buy an asset has something to gain by having more people buy in to what they're investing. 😛

@likho

I'm not sure its that, he would be a drop in the bucket.. I think your going to get more of a confirmation bias effect where the people who make money on crypto are going to be louder than the ones who've lost.

@Coyote

@freemo @Coyote Even if he is just a drop in the bucket, conflict of interest still easily describes the situation.

@likho

Cant say I agree unless I or someone were posting a blog post or something where I might expect to snag a large group of people to get on board.. His personal decisions or any effort I make in a one-on-one conversation will have absolutely no effect on my personal profits.

That said I think you could say I am bias (just as you are bias to your own PoV).. but that isnt the same thing as a conflict of interests.

@Coyote

@likho @freemo @Coyote by not having bitcoin you're speculating on fiat which is rapidly losing value. Is bitcoin even going up in value or is it just USD losing value? Every non-fiat asset is going up in price. Stocks, metals, consumer products, real estate, trading cards, crypto.

@crunklord420

From January to the begining of April the USD has actually increased. it dropped slightly since april but overall is still up since january.

@likho @Coyote

@crunklord420

I haven't seen any evidence that consumer goods *as a whole* are actually going up in price noticeably faster than they normally do. Sure, oil is spiking, and that's also having some trickle-down effects since every industry relies on it, but that's not an indication of the dollar going down in real terms.

@likho @Coyote @freemo
@freemo @crunklord420 @Coyote I used bitcoin back in 2011. Maybe I still have it or maybe I don't. The last time I used cryptocurrency was paying someone for a translation. 😀
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