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/biz/ - Business & Finance

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28159747 No.28159747 [Reply] [Original]

I've seen anons recommending various crypto currencies as investments. To me, it looks like a bubble propped up only on faith and a desire to slip out from government boots. Normally what gives a currency its value is what you can exchange it for, and hence the GDP of the nation that enforces it as its medium of exchange.
As far as I know, crypto currencies are used in relatively few markets, so their value comes from three things.
1. yes, those markets.
2. extremely stable/predictable money supply.
3. speculation on future uses.

Most of it, I think, comes from number 3. With that in mind, bitcoin is the best known crypto currency, and therefore, the most likely to be adopted by normies (Doge might also be popular enough at this point, cause memes). However, that's not what I see recommended the most.

The questions: Are most (semi)popular crypto currencies only useful as pump and dumps?
Are any remotely stable investments?
Are any used in wider markets than I think?
Are any of the popular ones likely to be adopted more widely? Why?

Note, I'm a newfag. Assume I'm uneducated. Also, assume I'll think you're trying to use me to pump the value of your investment unless you point me to sources that check out/ have valid arguments.

Thank you for answers. I appreciate you making me less retarded.

>> No.28160409
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28160409

>>28159747
Buy Doge because funny dog

>> No.28160526

Ardor—scalable and actually has a working product that scales. It’s just run by an inept marketing team, but if that ever changes it’ll moon so I continue to buy.

>> No.28161332

>>28160409
This. Get in the rocket bish

>> No.28161519

>>28159747
>Monero
It's the best privacy coin
>Xdag
It's the first to be feeless and mineable

>> No.28161628
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28161628

Dyor on AAVE anon
Only top 15 mcap coin you're not priced out of

>> No.28161695

So if I want to sell bitcoin for euro, what is the best place to do that? Coinbase, localbitcoins or pax?

>> No.28161709

TELCOIN. Payment system based off phone numbers.

>> No.28161774 [DELETED] 
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28161774

The Year of the Ox is coming up this year, Feb 15, 2021. Buy ZRX (aka 0x) before Feb 12.

>> No.28161849
File: 410 KB, 1080x955, Capture+_2021-02-08-22-24-32.png [View same] [iqdb] [saucenao] [google]
28161849

The Year of the Ox is coming up this year, Feb 12, 2021. Buy ZRX (aka 0x) before Feb 12.

>> No.28161940

>>28159747
we don't have to convince you anymore, you already lost

>> No.28161979

>>28159747
Buy reef

>> No.28162203

>>28159747
Xrp is the only legal crypto. They have helped write the laws.

>> No.28163442

Become one with MCDCoin anon. You know you want to.