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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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25836931 No.25836931 [Reply] [Original]

I am currently sitting here wondering why I am in crypto instead of stocks. Don't get me wrong, I think Bitcoin is a great technology and there needs to be some currencies that governments don't have control over.

But WHY THE FUCK is there a need for 10k+ different crypto projects. Like 9,950 of those are bullshit and will never have a practical real world use.

Imagine how much better crypto would be if there were like 100 projects max. I am honestly not sure any other cryptos will ever be used in the real world. Like when the fuck is anyone ever gonna use PNK, HEX, etc. other than just buying and hoping the price goes up?

I might be wrong, but I think people will eventually start to see through the bullshit and realize 99.99% of crypto is BS and is just for initial investors to profit.

I never see normal people doing anything other than downloading the coinbase app, buying a few coins, and hoping the price goes up.

Thoughts on my current state of mind /biz/? Am I a complete idiot?

>> No.25837570

>>25836931
>but I think people will eventually start to see through the bullshit
people are idiots. just manipulate their retardness and become rich

>> No.25837732

>>25836931
it's not.

wait till people ACTUALLY start using it and you'll be glad

>> No.25837996

>>25836931
100%

>> No.25838811
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25838811

Pls sir...

>> No.25839321

>>25836931
If the contract automation takes off all this is just baby steps.

>> No.25839467

>>25836931
>But WHY THE FUCK is there a need for 10k+ different crypto projects. Like 9,950 of those are bullshit and will never have a practical real world use.
Ever heard of the dotcom bubble?

>> No.25839650

>>25839467
And look where Apple and Amazon are now!! My shitcoin is literally Apple 2.0!!!!!1!

>> No.25839677

>>25836931
sending a transaction costs over 10 dollars....great technology right there

>> No.25839974

I can only really see value in BTC as an inflation hedge and Monero as a privacy coin. The rest are pretty fucking worthless, even if they do have specific use cases.

>> No.25840009

>>25839677
isn't that mostly an eth issue

>> No.25840058

>>25839974
Worthless or not they will likely increase in price in the short to medium term which is all you should really care about as an investor

>> No.25840086

>>25839467
More like multi level marketing.

>> No.25840153

>>25840058
You described the thoughts of a gambler, not an investor. If you're not a expecting the company to be viable, you're not really *investing* in it.

>> No.25840690

>>25839650
Your shitcoin is one of the countless dot com hyped bullshit companies that died, argument still stands.

>> No.25840771

>>25836931
>I am currently sitting here wondering why I am in crypto instead of stocks.
if you aren't here to trade the volatility....then you shouldn't be here at all.

>> No.25840778

>>25838811
cringe

>> No.25840796

>>25836931
Stocks would be better if there were only 100 companies. Faggot.