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Personal Finance and Investing

DinahMoeHum

(22,983 posts)

6. Cryptos are nothing more than electronic tulips, IMO.

Reply to Tomconroy (Original post)

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.

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Highlight:

Charlie Munger thinks investing in Cryptocurrency is insane. [View all] Tomconroy Dec 2021 OP

Read this recently, though it didn't pierce the veil much for me, it's all still monolithic mystery chia Dec 2021 #1

Crypto Violates Basic Investing Principles modrepub Dec 2021 #2

With Cryto and MMT (Modern Monetary Theory) economics is in the "Mattrix" walkingman Dec 2021 #3

Charlie is right in terms of high risk and investing unwisely... RobertDevereaux Dec 2021 #4

How about a "bitcoin city"? hermetic Dec 2021 #5

Cryptos are nothing more than electronic tulips, IMO. DinahMoeHum Dec 2021 #6

Agreed. Tomconroy Dec 2021 #7

There are plenty of pie in the sky investments without going into crypto bucolic_frolic Dec 2021 #8