🎓 Dr. Freemo :jpf: 🇳🇱: "@likho@sendero.social Argue against investment …"

Tucson Coyote™ @Coyote@tucson.claims

@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.

**Tucson Coyote™** @Coyote@tucson.claims · Apr 17, 2021, 22:52

**Tucson Coyote™** @Coyote@tucson.claims · Apr 17, 2021, 22:52

Apr 17, 2021, 22:52

@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

**Likho** @likho@sendero.social · Apr 17, 2021, 23:32

**Likho** @likho@sendero.social · Apr 17, 2021, 23:32

Apr 17, 2021, 23:32

@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/?

**🎓 Dr. Freemo 🇳🇱** @freemo@social.cleverlibre.org · Apr 17, 2021, 23:45

**🎓 Dr. Freemo 🇳🇱** @freemo@social.cleverlibre.org · Apr 17, 2021, 23:45

Apr 17, 2021, 23:45

"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?

**Likho** @likho@sendero.social · Apr 17, 2021, 23:51

**Likho** @likho@sendero.social · Apr 17, 2021, 23:51

Apr 17, 2021, 23:51

@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.

**🎓 Dr. Freemo 🇳🇱** @freemo@social.cleverlibre.org · Apr 18, 2021, 00:01

**🎓 Dr. Freemo 🇳🇱** @freemo@social.cleverlibre.org · Apr 18, 2021, 00:01

Apr 18, 2021, 00:01

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.

**Likho** @likho@sendero.social · Apr 18, 2021, 00:04

**Likho** @likho@sendero.social · Apr 18, 2021, 00:04

Apr 18, 2021, 00:04

@freemo @Coyote I don't argue against crypto. I use it in fact, but I don't invest or speculate.

**🎓 Dr. Freemo 🇳🇱** @freemo@social.cleverlibre.org · 2021-04-18T00:12:27Z

Argue against investment i guess I could have said then.

Apr 18, 2021, 00:12 · · · ·

**Likho** @likho@sendero.social · Apr 18, 2021, 00:14

**Likho** @likho@sendero.social · Apr 18, 2021, 00:14

Apr 18, 2021, 00:14

@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. 😛

**🎓 Dr. Freemo 🇳🇱** @freemo@social.cleverlibre.org · Apr 18, 2021, 00:21

**🎓 Dr. Freemo 🇳🇱** @freemo@social.cleverlibre.org · Apr 18, 2021, 00:21

Apr 18, 2021, 00:21

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.

**Likho** @likho@sendero.social · Apr 18, 2021, 00:37

**Likho** @likho@sendero.social · Apr 18, 2021, 00:37

Apr 18, 2021, 00:37

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

**🎓 Dr. Freemo 🇳🇱** @freemo@social.cleverlibre.org · Apr 18, 2021, 00:41

**🎓 Dr. Freemo 🇳🇱** @freemo@social.cleverlibre.org · Apr 18, 2021, 00:41

Apr 18, 2021, 00:41

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.