In recent times, there has been a great deal of discussion around cryptocurrencies. Due to the fact that I have already written an article about them, my view cannot be altered. It is possible that I will overlook anything significant for them and the advantages that they would provide. In order to look and read, I have logged into a significant number of forums. In each and every venue, Mr. Buffett is praised for his excellence as an investor. On the other hand, the same individuals also extol Bitcoin. There are, without a doubt, individuals who openly express their opposition to these crypto currencies. I wanted to find out where Mr. Buffett had placed his money and what his opinion was on the matter. It is his judgment that they do not carry a coefficient of useful action, and he has not made any investments for this reason. Exactly the same is my viewpoint. Bitcoin is also compared to gold in online forums. No words come to mind. Gold, in addition to being a raw resource that is utilized in a wide variety of applications, ranging from manufactured goods to ornaments, may also be traded for anything. One way to think about Bitcoin is as a form of cryptographic lottery. In addition to bitcoin miners and traders, the only chance for other people is that additional money will come in, which will allow them to profit, lie, and forecast when the price of bitcoin will go up. alternatively, for the price to drop and for the market to be volatile enough to allow for sales. This idea is only going to excite folks who are looking to become wealthy in a short amount of time. Although it is possible that this could be advantageous for certain people as a lottery and calculation, I do not believe that there is a way out of making a real investment in a business or creating surplus value through the use of cryptocurrencies. Just how many people would be content to get a salary like that? Additionally, there is uncertainty. This type of money that is created by governments has a way out. due to the fact that they might be regulated and, in some way, not have a lot of volatility. Just for a moment, let us say you receive a wage, but the next month, you are uncertain about your level of life. Consequently, I am unsure if it is a Ponzi scheme or simply a situation in which a large number of individuals potentially lose a lot of money that they have worked very hard to obtain. When we talk about a casino, we are referring to a place where you have to place a lot of bets, and the danger is not that you have invested in the company; rather, the risk relies on luck. It is one thing to put money into a company, but it is an entirely different thing to wager on a card, a chip, or a brand new game. If you have a sense of when people would buy or when they would sell anything to make a difference, then your chances of winning here are greater than those of winning the lottery. This, however, is not an investment; rather, it is a casino. This is not a personal attack; I am simply expressing my own opinion.
Author Sezgin Ismailov
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