this post was submitted on 18 Mar 2025
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Crypto is basically a ponzi-scheme. I made a little bit off of it, then sold too early. Then bought back in, and sold way too early. Then bought back in, then lost a lot. The only real benefit is anonymity, which I don't really need and only really benefits criminals. I don't see it taking over if someone like the EU introduces fee-free digital transactions.
Most crypto is only pseudo-anonymous. One identified transaction and everything becomes public.
In 2024 Illicit volume dropped to USD 45 billion, down 24% since 2023. This represents 0.4% of overall crypto transactions
Sounds very similar to what I have heard most other users say. Yeah, not the best. When the whole doge coin thing was going down (feels like forever ago) I ‘invested’ $100 and made a profit of $3. I never got involved in crypto again. Im trying to maintain my 100% success rate. Have a good rest of your day my fellow King