[Paul T]

Originally Posted by Cajundaddy

Crypto produces no cash flow, generates no product or service, employs no one, and in spite of the "mining story" it is only worth what the next guy will pay for it. It is pure currency speculation that has *so far* seen very favorable appreciation in the market long term. Will this continue?? Nobody really knows.

There have been a lot of big winners but also a lot of theft, fraud, and scams. It is the wild west, not unlike the Calif gold rush. They say that with rare exception, the big winners in 1849 were the guys selling the shovels and supplies, not the miners.
https://en.wikipedia.org/wiki/California_gold_rush

Other forms of speculative assets that have faded: Tulips, Confederate currency.
Other forms of speculative assets currently on a run: Gold and silver.

Choose wisely.

Gold and Silver at least have uses besides speculation….they are on a tear because the dollar is tanking.