Yes I do indeed. I am happy to be proven wrong but I just cannot see crypto as anything else other than a fiat currency with 0 regulation and a huge hype and bubble around it.
Buying PM's with bitcoin would be the best way to spend your bitcoins at the moment - no reliance on cashing out via regular bit coin transactions which I have read can take days or weeks sometimes and that is just with regular traffic.
Imagine what happens when the rush hits. People will not be able to get their money out and when they finally do the value of their bitcoins will be tiny.
Also, ask yourself why would someone who processes transactions which devalues the currency they get paid in has any incentive to process the transactions?
@BackyardBullion I believe that the bitcoin/crypto thing is a inside job it does not sit right at all with me, it could be there for the sole purpose of where the masses put there fiat In the event of a collapse. I just don't know what's going on.
Ponzi scheme seems an accurate description.
There was a Guy on here who made some good return on crypto's then cashed out into PM's so its possible to be a life changing venture. The thing is will the majority be winners or losers.
As for this OP's thread, it has already been done by bigger players so if this sort of enterprise is your thing then play safer and go with the big boys and girls.
As for me i wouldn't touch it with yours.?
Ps I want to emulate the Guy who cashed out and made big?