Questions tagged [people]

CryptoPioneer Wed Mar 27 2024 | 5 answers 1374

I'm somewhat puzzled. Why do people choose to buy USDT? It's just a digital token, isn't it? It doesn't offer any returns or dividends, unlike stocks or bonds. And it's not even backed by any physical asset, like gold or silver. So what's the appeal? Is it just the speculation that its value will go up? Or is there something deeper that I'm missing here?

SunlitMystery Wed Mar 27 2024 | 7 answers 1564

I'm curious, how many individuals have truly become wealthy through cryptocurrencies? I understand that there are numerous stories of overnight millionaires, but how prevalent is this really? And among those who have become wealthy, what percentage do you think are still holding on to their crypto investments, versus those who have cashed out and moved on to other investments? Also, given the volatile nature of the crypto market, how do you advise investors to balance risk and reward when considering crypto as a wealth-building tool? Finally, with so many different cryptocurrencies out there, how does one determine which ones have the potential to generate significant returns?

KimonoGlitter Wed Mar 27 2024 | 6 answers 1638

I've always been fascinated by the world of cryptocurrencies and finance. It seems like a frontier where the rules are constantly changing and the opportunities are limitless. But one question that's always bugged me is: how many people have actually become wealthy from crypto? I know there are stories of individuals who've made millions, even billions, from investing in Bitcoin or Ethereum early on. But are these just the lucky few, or is there a larger group of people who have benefited significantly from the crypto boom? And what about the average Joe? Can he really hope to make a significant profit from crypto investing, or is it just too risky and volatile for the average person? I'm not asking for specific numbers here, but I'd like to get a sense of the scope and scale of crypto-wealth. How widespread is it, and how does it compare to other forms of wealth accumulation? I'm also curious about the long-term prospects of crypto wealth. Will the bubble burst, or is this a trend that's here to stay? And if it does stay, what does that mean for the future of finance and wealth distribution? I'm really interested in hearing your thoughts on this. After all, you're a professional practitioner in the field, so I trust your insights more than anyone else's.