I’ve been investing my spare change in crypto for a couple months now. As all cryptocurrencies are based upon different structures/concepts so it’s pivotal one does research to avoid investing in a Pyramid scheme (or some dubious/useless currency). At the end of the day, even with all the knowledge in the world investing in currency is somewhat alike to gambling; albeit with slightly better odds.
Currently I’ve made double comparative to what I’ve initially put in. I’ve been purchasing cryptocurrency and semi routinely cashing out/using it, had I been more patient I would have 50K+ on my hands by now
My roommate is big into crypto. He actually believes it will be an accepted currency to pay your taxes. Then I remarked that unless the government can create and control it. It will never be accepted for a tax liability. This is what gives fiat currency any value, since there is no intrinsic value. America has been completely off the gold-standard for 50 years.