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EmpireoftheSun | 1 year ago

Hi, Can you elaborate on this.I am new to crypto

discuss

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Joel_Mckay|1 year ago

Crypto is a dollar backed fiat currency substitute, or outright scrip.

https://en.wikipedia.org/wiki/Scrip

Precious metals like gold are also a terrible investment, but do offer liquidity when currencies fail. For a single person, no more than 1.7% of your portfolio should contain such leaky holdings.

In terms of investment, wait till the market crashes and buy freehold residential real-estate in larger growth cities with cash. This is the safest investment for amateurs. =3

TeaBrain|1 year ago

>Precious metals like gold are also a terrible investment

Both gold and silver have appreciated more in value than the S&P 500 since the start of this millennium.