I got some Stellar Lumens for free a long time ago just for having Keybase ... And now they're worth $500 🤷♂️🤷♂️🤷♂️
Honestly... Cryptocurrency just seems like a bunch of stocks tracking the potential for cryptocurrency, rather than actually being used for anything else to their purpose.
I don't know of we've moved the needle at all towards an actually useful currency, but I'll take my money and donate it to something when the market turns.
Same:) And I already invested just in some assets and even bought some more right on the last minimum at the moment marked 498 on your graph.
And seeing what is going on at the moment I'm considering to buy more.
@lig I honestly think the whole thing is a bubble that is o my propped up by more speculation... So it all feels risky to me.
I hope it works out for you though!
@funnylookinhat Yeah, I feel the same. I don't count on it and just throwing in another couple of bucks there for now.
@funnylookinhat right now cryptocurrency is an asset, not a currency. To use it as a currency you have to transfer it back to whatever fiat currency is used locally. What would have to happen to make it a currency would be broad acceptance at marketplaces of that cryptocurrency. Listing things for x amount of bitcoin not x amount of dollars. We're very far away from that.
@funnylookinhat We should just call them “cryptostocks” at this point, because the word “currency” implies... y’know... stability? It won’t be a currency until people are comfortable writing and signing leases for X BTC/month, and the like.
As for me, it's incorrect to call it stocks. Cryptocurrency is speculative, completely based on supply and demand (hype). But stocks are based on company's results first of all. Crypto is much more volatile than stocks also. Stocks may go up and down in the short time, but there's long-term support.
So crypto cannot be compared to traditional currency and stocks. It's just speculative thing now. However I got from it several dicker of dollars
@funnylookinhat There's also the part about wasting ever increasingly enormous amounts of energy and hardware just to keep the system going.
@funnylookinhat I tried exchanging the ones I got for USD, but it ended up never going through. Good luck
@blueberry I ended up moving mine to Ethereum today - which tends to have a pretty good sell market. We'll see!
@funnylookinhat I suggest you try and exchange some now for Bitcoin or Ethereum and perhaps to currency you can buy food with 💵
I tried and failed to exchange my Lumens before I deleted my Keybase account, after the company got acquired by Zoom...
Stocks can't fall if people are not able to sell their shares anywhere
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