Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

DinahMoeHum

(22,983 posts)
6. Cryptos are nothing more than electronic tulips, IMO.
Sat Dec 4, 2021, 12:29 AM
Dec 2021

The underlying blockchain technology might be worth investing in, but the "currencies" themselves, unh-unh.

This mania is not going to end well; and whether or not there is even something fungible about them, it's going to get regulated by governments. Like it or not.

BTW, Charlie Munger has called this mania "trading in turds" . Warren Buffett has called it "rat poison squared".

Just my 2 cents.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»Culture Forums»Personal Finance and Investing»Charlie Munger thinks inv...»Reply #6