cryptocurrency

2713 readers

2 users here now

The largest cryptocurrency community on the Fediverse!

Lemmy community dedicated to cryptocurrency news, technicals, education, memes and so more!

💬 Chat on Community Improvements and Development

Community Knowledge Base:

Be nice, have fun.

Community rules:

No Spam
No ads
No aggressive coin promotion or attacks on others
No ICOs / IEOs / STOs / token (pre)sales / scam schemes promotion
No trading/buying crypto discussions
No promotion of trading groups, courses, signal groups, or other trade groups
No pumping and shilling
No casinos, giveaways, faucets, begging
No price speculation posts
No trolling

General lemmy.ml instance rules applicable here too.

Ugly brother of this community: bωockchain

For a community devoted to cryptography itself, visit c/cryptography

founded 5 years ago

MODERATORS

[email protected]

Are all cryptocurrencies still considered a gamble to invest in? (lemmy.ml)

submitted 3 years ago by [email protected] to c/[email protected]

8 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] sam 3 points 3 years ago (1 children)

Yes and no. Stable coins exist, and at this point I feel as though bitcoin has somewhat proven its longevity. That being said, it has no protection and could be theoretically devalued within hours.

[–] [email protected] 1 points 3 years ago (1 children)

theoretically devalued within hours.

stablecoins based on the USD seem to be experiencing inflation, so that also is a risk

[–] [email protected] 1 points 3 years ago

The US dollar is experiencing inflation right now, so that is to be expected. However, it is nowhere near even a severe devaluation, just a slightly elevated rate that is likely to taper off in the year or two. Stablecoins have numerous safeguards to keep them near the US dollar, so they should really only collapse if the US dollar collapses. That is unlikely to happen any time soon.