Bout time people figuring out crypto is all BULLSH1T. Any digital element in modern world (crypto, NFTs, etc) will never hold value in the long term, nor be stable...
Why?
1. Because its non-tangible. You really are never in control of it. Its only as good to you as the infrastructure it resides on (which you don't own).
2. Its easily manufactured = Unstable. Economics 101. Price of anything is what someone is willing to pay for it. Not to mention 99% of crypto miners are using government currency to build their mining facility.... so if you're smart, you'll cash out now before you watch your $100k investment go into the sh1tter. kthxbai
3. Anything in the technology world has little longevity (coding, hardware, software, social media etc). Its accelerating at faster paces everyday. Humans frame of mind has become attuned to, if its tech from 5 years ago, it prolly sucks... Same will happen with this stupid crypto phase...