I am interested enough to read this thread. I am also willing to admit I makes no sense to me. The dollar is backed by the full faith and credit of the United States. My view that is not worth what it once was but, it still has more real meaning than cripto currency which is backed by nothing.
Some may think it is more stable than the dollar. Clearly it is not.
Making money on cripto currency. This is not the first time in history this has happened.
It happened with Tulip bulbs. Just like cripto some people did make a lot of money.
It collapsed when people started to wonder about the real value of tulip bulbs. Perhaps, like the game of musical chairs. People were left standing with no seat no matter what they had paid to play. It is not even black market currency. The tax man sees all and demands his cut. Losses? The tax man will eat his percentage, not the whole loss up to
I think the number is $3,000.
Good luck if you decide to play this game. Aside, reality the S&P average as of 3/30/21, for the year is up 56.35%.
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