Dimon said it, I will repeat it: all cryptocurrencies are ponzi schemes and designed to take your money.
If you thought there would be any value: No!
If you thought you can get rich over night: No!
Look at the charts, it is all in there. With futures market opened several years ago, we have big long positions which havent been closed in many cryptocurrencies so far, even after multiyear cycles and several peaks. Most of the value in the big cryptos are long positions. Saylor and Miners are those, who own BTC spot in big positions.
For the XRP-Community: I never understood, why they wanted XRP to be not a security. From an investors standpoint, which most of the XRP cumminity members are, you have to love to own a security, as owning a cryptocurremcy means actually nothing. You own nothing, even if you take your crypto to hard wallet, you own nothing, cause you have no rights. In case XRP would be a security, you would own a fraction of a company or a certain value at least. So for that reason, I honestly dint see any point, why beeing not a security is good for an investor.
At the moment, crypto is only a game for gambling
Best
If you thought there would be any value: No!
If you thought you can get rich over night: No!
Look at the charts, it is all in there. With futures market opened several years ago, we have big long positions which havent been closed in many cryptocurrencies so far, even after multiyear cycles and several peaks. Most of the value in the big cryptos are long positions. Saylor and Miners are those, who own BTC spot in big positions.
For the XRP-Community: I never understood, why they wanted XRP to be not a security. From an investors standpoint, which most of the XRP cumminity members are, you have to love to own a security, as owning a cryptocurremcy means actually nothing. You own nothing, even if you take your crypto to hard wallet, you own nothing, cause you have no rights. In case XRP would be a security, you would own a fraction of a company or a certain value at least. So for that reason, I honestly dint see any point, why beeing not a security is good for an investor.
At the moment, crypto is only a game for gambling
Best