I may be dumb, but I still don't get crypto. What is it's value based on other than what the market will pay for it at a given time? It seems as stable as the US dollar from my point of view; there's nothing truly backing either. On the other hand, something like gold and silver are at least backed by gold and silver.
Personally, I'm gonna start investing in used cars for the platinum and rhodium in their catalytic converters.
Meh, stock market short term. Crypto here forever.
Until it's illegal...
I may be dumb, but I still don't get crypto. What is it's value based on other than what the market will pay for it at a given time? It seems as stable as the US dollar from my point of view; there's nothing truly backing either. On the other hand, something like gold and silver are at least backed by gold and silver.
Personally, I'm gonna start investing in used cars for the platinum and rhodium in their catalytic converters.