Good for you for getting out of crypto on the upside before it started to implode. I don't understand it either, and so it's not something I would ever invest in. I don't think crypto is a scam, but there are a lot of scammers involved, and that's where the big problem is. If it's going to be a real currency, it needs to be regulated; otherwise, the number of scammers will just increase with no one to hold them accountable. Case in point - FTX, with $8 Billion in losses.
As for NFT - yes, it is a scam IMO. When you buy an NFT (a non-fungible token, which means it can't be reproduced), you're buying air. There is nothing tangible supporting its existence - you're buying the right to say you own it, even though neither you nor anyone else can physically touch it or hold it. Those Trump "trading cards" are purely digital - they don't exist in real life. As an investment, they're worthless. I've read some reports that some of the idiots who actually bought these things can't figure out how to access them. Why am I nor surprised?
|