Crypto Cryptocurrency View

Discussion in 'Other Asset Classes' started by JohnPropChat, 2nd Mar, 2021.

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Cryptocurrency View

  1. It is a trillion dollar ponzi scheme. Wouldn't touch it with a barge pole. Failure is inevitable.

    12 vote(s)
    48.0%

  2. Somewhere between Gambling and Speculation. I am in for the ride

    5 vote(s)
    20.0%

  3. Emerging asset class, have a small portfolio exposed to it

    7 vote(s)
    28.0%

  4. True believer, have a very large part of my portfolio exposed to it. Wouldn't have it any other way

    1 vote(s)
    4.0%
  1. JohnPropChat

    JohnPropChat Well-Known Member

    Joined:
    10th Sep, 2015
    Posts:
    2,293
    Location:
    Middle Earth
    A quick poll to see where PC community is at this point in time.
     
    JohnPropChat, 2nd Mar, 2021
    #1
  2. Big A

    Big A Well-Known Member

    Joined:
    18th Nov, 2018
    Posts:
    2,421
    Location:
    ?
    I went with Ponzi scheme. I would have went with cross between gambling and speculation but I am not in for the ride.
     
    Big A, 2nd Mar, 2021
    #2
    sharon and JohnPropChat like this.
  3. Onyx_OCAU

    Onyx_OCAU Well-Known Member

    Joined:
    11th Jan, 2021
    Posts:
    208
    Location:
    NSW/VIC
    I started relying on crypto speculation as my primary source of income. I've nearly trippled my money at this time - from late January when I started daytrading it. I still believe it's gambling and not sustainable long term...
     
    Onyx_OCAU, 11th Mar, 2021
    #3