Why I'll NEVER Invest in Cryptocurrency

Great video and loved the comparison. I'll never invest in crypto either because it is has no inherent or other value, is infinite, serves no practical purpose and at its core is a ponzi scheme designed to enrich its promoters. Do you want to end up holding the bag when it wrecks? I certainly don't. Crypto is the Dutch tulip bubble all over again four centuries later. And it may be unfair to the Dutch tulip bubble to equate it with crypto.

Sir I highly encourage you to do better research on both crypto assets and the ones that you are currently invested in. Gold, silver, platinum, etc. have no inherent value other than what we as a society place on them. So to say that they have "real value" makes no sense because if we all decided that they were worthless, then the gold that you have invested in would be worthless tomorrow.

Keep in mind that you speak about bitcoin and the crypto market as a whole the same way that people your age spoke about the internet when it was first invented. They said it had no real use case and that it was basically just some novelty that would be dead in a couple of years. Now, our entire banking system couldn't survive without it. Which takes me to my next point.

Every transaction you make is tracked electronically up until the point that you physically give someone a dollar bill. So your argument here makes zero sense seeing as how I could simply sell one of my crypto assets for fiat currency, deposit that into my bank account, withdraw that cash and then give someone a dollar bill. In both scenarios our money is equally tracked. Unless you don't use a bank account and get paid under the table in cash….

Buying a Crypto asset is like buying a stock that is also the product. Most crypto assets actually do something aka have utility. Most crypto assets aim to solve a problem that plague industries around the world by using blockchain technology in ways that you just don't understand. Take note that I am saying "crypto assets" and not "crypto currencies" because not all coins are designed to be used as currencies. Bitcoin was simply the first to use this technology and prove that it works. Bitcoin is a terrible form of currency just like gold is a terrible form of currency but there are already governments around the world (USA included) that are using blockchain technology to create there own digital currencies aka CBDC's.

The centralized banks must be giving you a nice 50 cents for you to make this video, shill. you can trade crypto for USD just like any stock and gets it's value in USD just like ANY stock. Stocks are useless with this argument as well. cant use a stock to buy anything until it's traded for USD. you could have put 5k in Ethereum the same time you put this video up and that 5k could be 25k right now…. In a year…. with a small investment with no "buying into it" and "buying day trades" ect. you sound jealous and confused, what other investment would have 5x'd you investment in a year with ZERO paper work and zero buy in besides transition fees???? You literally could have went to work at mcdonalds used that pay to invest it in Ethereum and made more money doing that than what you're making on this video right now after a year.

I guess you shouldn't be doing youtube either because you literally could have made more money investing in crypto using the same time you wasted on making this video and made way more money.

What abouth Monero?

Fiat currency transactions are also traceable unless you use cash which is slowly but surely becoming obsolete

Good video

The biggest problem with Crypto is that it's a non-tangible asset created in cyberspace. There are no companies per se, no employees producing any physical product and no one to hold accountable if the company fails. Crypto isn't any more real than an animated character in a Disney film. It's only real value, for the time being, is it's ability to be used for illegal, subversive or otherwise questionable activities, that is until it gets shut down by governments which is more likely to happen now with the current economic challenges and increasing hostilities between Russia and the west.

I wanted to tell you that I really appreciate your video and I enjoyed it. I found it very informative because I have pretty much ignored cryptocurrency since it started on to the present point. I did not sit down and examine all of the basic facets of it and why I think it's bull crap, I just knew that it didn't pass the smell test for me. Now after watching your video I know why. I also do not invest in gold or silver. I honestly just see them is useless white and yellow metals. The only three things that I'm investing in our dirt, Ordnance steel and Lead and thankfully I have a good bit of all of them I care about food security and physical security. I don't care about so-called wealth because I don't care about material things that don't preserve my life or safety.

#pitbulltoken🌍🌍🌍

As Max Kaiser says “you will have to pay the price you deserve” for Bitcoin. If you keep waiting it will be a big number. Wise up.

Fake money Fake earnings you don't eat with fake food or artificial intelligence you need real food!!!

Yep , Crapto is rubbish , stay away . The whole industry is full of deluded cult members . Buy property of assets that earn money 💵 . Enjoy the simple things .

Awesome episode. The word 'crypto' within itself is a red flag to me.