Agreed, but we can take advantage of profits from price movements with high volatility, and accompanied by high risks too
Madeline_ 16
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Cryptocurrency isn’t really necessary in the real world, and it’s not even a reliable store of value. The real winners are the CEOs, brokers, and insiders who profit from the volatility, often making billions during sudden market drops—drops that seem to happen for no real reason at all.
We can already make digital payments without the need for cryptocurrencies, which was supposed to be the main goal of the technology in the first place. The reality is that cryptocurrency is heavily centralized in the hands of unscrupulous players, and it operates outside the control of governments, making it difficult to regulate or protect investors from fraud.
Cryptocurrency is a false investment: money is lost, no one wins, and everyone ends up losing. It’s an inefficient form of wealth because if you buy, you’ll just want to sell, and if you sell, you’ll want to buy again. In the end, you’ll never actually have any real gains.
