But if I told you your money was going to be worth half tomorrow, then half again the next every day for the next 16 weeks… You would think shit… Maybe there is a better way to do this.
Etherium is in question in the post, so never even close. I’m sure people have lost money, but if you bought at the absolute height and sold at the absolute low after it, you maybe could have lost half once. That’s max loss unless you bought every up and sold on every down. In 5 years you’d be down 16%. 1 year you’d be up 31%. It’s volatile but not as much as people make it out to be.
The government and media have always had reason to put people against it and say it’s only used for drugs. Kind of like those fish men we bombed in boats without trial.
That’s comparing apples to oranges. What you want to compare to Euros are charts for stable coins. Which, for the legitimate ones that are fully backed, are basically horizontal straight lines.
The other commenter was trying to use that chart to tell us that cryptocurrencies are somehow better than fiat currencies as a store of value, despite their wild swings in value in the most stable one that isn’t backed by fiat currency.
Doesn’t that happen to most cryptocurrencies?
Etherium is in question in the post, so never even close. I’m sure people have lost money, but if you bought at the absolute height and sold at the absolute low after it, you maybe could have lost half once. That’s max loss unless you bought every up and sold on every down. In 5 years you’d be down 16%. 1 year you’d be up 31%. It’s volatile but not as much as people make it out to be.
The government and media have always had reason to put people against it and say it’s only used for drugs. Kind of like those fish men we bombed in boats without trial.
That graph is hilarious. If euros looked like that, nobody would be using them.
That’s comparing apples to oranges. What you want to compare to Euros are charts for stable coins. Which, for the legitimate ones that are fully backed, are basically horizontal straight lines.
The other commenter was trying to use that chart to tell us that cryptocurrencies are somehow better than fiat currencies as a store of value, despite their wild swings in value in the most stable one that isn’t backed by fiat currency.
Fully backed by the currency that they are pegged to? They are backed by stable currency. USDC for example
That’s what we have been saying?