Elon Musk

[strife]

I think Tin & I are pretty much in agreement the point of Crypto. Crypto is there for 4 different types of people.

1. People who don't take it seriously or put any serious money in it, just have it there for the chance that they will invest in something cheaply and it will blow up and make them some money. This is your penny stock investor.

2. People who actively watch the market and trade a lot. These aren't your people who are going to put 500k and let it ride for 6-12+ months. They are going to put in an amount they aren't too worried about losing(although they will put considerably more in than #1), and actively watch the market. When the crypto they are in hits a run, they will sell it and make some money and wait to find one they think is really low or expecting a dip. They don't keep their money in any one crypto for more than a few weeks/months.

3. People who are too stupid to be handling their own money and are ultimately going to either get lucky and "win" a bunch, or lose it all. These are the same people who play the lottery and/or slot machines.

4. The Crypto sellers. Here are the ones that are actually the real reason Crypto exists... to get transaction fees.