this post was submitted on 15 Mar 2024
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[–] Haagel@lemmings.world 15 points 8 months ago (3 children)

Is crypto still a thing? Honestly who is buying into that?

[–] GrindingGears@lemmy.ca 7 points 7 months ago

I've got a cousin who's perpetually bankrupt. He's super into Crypto. He's a self-crafted crypto investment professional in fact.

[–] Sizzler 7 points 7 months ago (2 children)

Bit has gone from 12k to 70k in the last year bro.

[–] towerful@programming.dev 6 points 7 months ago

That was all thanks to me.
I finally dumped what i had because i came to the conclusion crypto isnt really a part of the future and doesnt do anything... Finally got round to selling it, so of course it hits a record high.

[–] Haagel@lemmings.world 1 points 7 months ago (1 children)

That doesn't mean it has any value. It's still mostly useless as a currency.

[–] hedidwot@lemmynsfw.com 2 points 7 months ago (2 children)

You were literally just told that it has value. You, 1 ignorant person saying it doesn't have value doesn't make it true.

Right at this moment in time one can literally sell 1BTC for about USD$70,000

[–] frezik@midwest.social 1 points 7 months ago

Value is putting food in people's mouths, building shelter, and creating relationships. Value is not trading one pile of social constructs for another.

[–] Haagel@lemmings.world 0 points 7 months ago* (last edited 7 months ago) (2 children)

Chill, bro. Money isn't real. And crypto is even less real.

My point is that you have to exchange the bitcoin for US dollars and therefore bitcoin is not a currency. It's pure speculation.

[–] Sizzler 2 points 7 months ago (1 children)

No your point was, "is it still a thing, are people still buying into it."

The answer is yes, very much so. Your opinion is irrelevant.

[–] Haagel@lemmings.world 2 points 7 months ago

OK, my friend. I wish you the best of luck.

[–] hedidwot@lemmynsfw.com 1 points 7 months ago (1 children)

Bitcoin literally is a currency. It's typically not a fiat currency, but it can still be exchanged for some goods and services.

I'm not pro crypto or anything, it's just that it's demonstrably false to say crypto isn't real.

[–] Haagel@lemmings.world 1 points 7 months ago

What goods and services can you purchase with bitcoin?

[–] ILikeBoobies@lemmy.ca 2 points 7 months ago

People never learn

We had a global pandemic and there are still people afraid of vaccines