• symthetics@lemmy.world
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    5 months ago

    Yes if you meet those criteria and cash out right now. Most people I to crypto will hold though.

    Why? Because that’s the narrative pushed on the community over and over and over - hodl never sell.

    Why? Because if everyone sells, all the people manipulating the market like Tether and their buddies lose their money. Fair play to those that can make a bit of money, but unless you’re already rich, are running the market, or fine with creating a shitcoin to rug people, crypto is not going to make most average people rich at all.

    Just another way for the already wealthy to fuck you over.

    • aviation_hydrated@infosec.pub
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      5 months ago

      Most assets work that way, if everyone sold Nividia stock then it would tank as well. Most things outside of food and shelter only have value due to our collective belief. Diamond and water paradox is constant in society