This thread has run its course and is locked. Cryptocurrency as an investment is off-topic. See: Greater Fool Investing Strategies
And this post by the site owner: New Forum Policy Prohibiting Discussions of Cryptocurrency, Market Manipulation Schemes, etc as Investing StrategiesEventually, one runs out of greater fools. - Burton Malkiel
Discussions of investment strategies based on securities or physical assets that have no underlying value or negative expected long term returns are prohibited. Examples include: cryptocurrencies; lottery tickets; tulip bulbs; Ponzi, pyramid, and multi-level marketing schemes; affinity frauds; and market manipulation schemes.
Members may have crypto in their portfolio. The discussion may proceed as long as the strategy for managing crypto aligns with "Investing Advice Inspired by Jack Bogle". For example, selling crypto to purchase stocks or bonds.Note - This policy is limited to discussions of investing strategies. Discussions of cryptocurrencies in other contexts is still acceptable, for example for money transfers or microtransactions or the current thread on crypto trades and tax loss harvesting.
10/19/21 Edit: What about BITO, the new futures ETF?
This still falls under our prohibition. Our ban on crypto discussions is ultimately based on cryptocurrencies' lack of intrinsic value. While the ETF structure greatly reduces non-market risks, purchasing it is still a purely speculative gamble, not an investment.
Statistics: Posted by LadyGeek — Tue Dec 10, 2024 7:00 am