I haven’t yet to know a single female that has anything good to say about cryptocurrency the most positive reaction was “ what’s that, crypto?”then made a face” lol
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@fast_and_the_curious I wish I was stupid enough and bought 1000 bitcoins in 2010 for 80 cents i would be setting on 28 million dollars right now. Stay curious my friend.
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I have nothing against that by the way it’s just something I noticed, i invested a simple amount to test the waters but I’m on the fence myself.
I don't think it's limited by gender, but from what I've gathered, the people who hate on it the most do so because it's too complicated for them to grasp fully. This is typical behavior for humans. Therefore, partly out of ignorance, and partly out of not wanting to appear ignorant, they make up or regurgitate some negative thing that sounds reasonable enough, like "it's not backed by gold or anything of value" (exactly like the US dollar?)
I was lucky to have someone intelligent enough to understand it explain it to me, and it made sense. It also was back when BTC was still in single and double digits for price in $. I didn't act until it was in the hundreds, but even then I made the mistake of selling or I would be a millionaire today, even with the recent drop in price to a "mere" $20,000. I knew it was a long term investment, as it still is today. But the logic of it is just as sound then as it is now, and that's why it has such a huge market share of not just your average people, but financial institutions and experts around the globe.
Those who don't understand it now probably won't understand it any better when they finally do adopt it and start buying and selling things in crypto. Just like they do now with fiat currency.
The dollar works without electricity or internet, and exists as cash and coins that cannot be hacked, deleted, or otherwise tampered with remotely or from hardware or software or electrical failures.
Centralized currency also is the only barrier preventing people from just endlessly printing money in their home.
People ignore cryptocurrency because it's simply not practical. Understanding it only reinforces it's uselessness as a primary currency. For it to become practical, it would need to be centralized and minted into physical currency just like every other global currency is, which would make it functionally identical to the dollar, defeating the purpose of even replacing the dollar.
Backing currency with gold or silver is unrealistic, and pointless, the coins and bills themselves can have value applied to them just as well as a slab of gold can.
@TheSpaceGnome our society doesn't function without electricity or internet, so having a digital currency isn't really an issue. An increasing amount of our transactions are digital anyway, just represented in dollars. People get paid electronically, buy goods and services with apps and credit cards or their smart watch or phone. Many people go from receiving their paycheck to paying their rent or mortgage without ever seeing actual bills and coins pass through their hands.
To clear up a misconception, Bitcoin can not be "deleted", nor can it be counterfeited ("printing money in your own home"), though centralized fiat currency CAN and IS.
You're 36, so you may have noticed over the years your dollars decreasing in value. This is normal and will continue to happen. Over the years, you will see Bitcoin and gold increase in value. This is also normal and will continue to happen. The reason is the simple economic principle of supply and demand. There is a limited supply of gold and Bitcoin, but there is a limitless supply of dollars, because the government just keeps printing more every year. The more that gets printed, the less each individual dollar is worth. You can have a look at the median income in the US each year and notice that it keeps increasing.
Unfortunately, that doesn't mean that people in 2004 could buy twice as much as those in 1986. A gallon of milk was $1.08 in 1986, in 2004 it was $3.16. So while the median income doubled, the cost of living more or less tripled.
The statement that "coins and bills can have value... as well as a slab of gold." is another misconception. Again, supply and demand. Gold has intrinsic value of being metal. You can build with it, it has electroconductive properties that make it useful. Melted down coins are not worth their printed value, unless you're talking about rare pure silver coins that are no longer in production. Paper money is only intrinsically as valuable as the paper it is printed on, which is why some countries use their paper money as toilet paper (because toilet paper is more expensive). Bitcoin is a new solution in that it has no intrinsic value much like paper money, but it is also in limited supply, much like gold. The fact that it is DE-centralized (not controlled by a single entity like a government or individual) means that whoever owns it, is a democratic shareholder rather than a hapless serf of the controlling entity.
This sounds hilarious! Who doesn’t want a *Whale female? Didn’t realize women and crypto are water and oil. And there’s definitely women killing it out there in the crypto world we can’t deny!
*Whale (crypto slang) which means, a person at the top that has the most of said crypto; one who has like all the chips.
**I remember buying shiba when it boomed but forgot about it and now it’s floating around somewhere ain’t worth shit.
Anyways, crypto is boring! Even I was bored typing up about my crypto**. I remember how annoying it was even to get it, had to watch videos and do lengthy research. It was is definitely actually time consuming downloading the apps and swapping the cryptos and keeping up… it’s such a boring topic to discuss even with people who have crypto that I know. I love it idea of investing into crypto but unless she even brings it up with passion (probably not going to happen but possible), forget about crypto talk with the ladies. It is hard to find like minded people in the crypto world.
I’m not even an investor I have a few hundred dollars in cheap like Shiba and such if the end to worth something so be ir maybe for my kid in the future and if but no big deal I only noticed something and asked and got people calling me stupid and an acting like I’m trying to sell them some network marketing shit I’m the stupid one?
@PizzaDaddyo lol ladies are in fact giving straight to the point answers some saying they don’t like risk and some are saying more research needed to form an opinion it’s guys that I’m having trouble with
@orion76 my two cents don't waste time and money on shitcoins/altcoins. Other than if you feel like buying a lottery ticket but again, don't put any significant amount of money into it. I've gone down those rabbit holes and the stable ones to get imho are BTC, ETH, and USDT (or USDC). I've got these earning decent returns on an app, and the future is bright.
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Because, like with many other things in life, women think first before acting impulsively.
Cryptocurrencies are very volatile and totally unstable "currencies". A deep crash usually follows a small increase in value. Furthermore, that "currency" is not backed up by any gold or other valuables or government guarantee. In the past, governments would have the Gold Standard Exchange which would guarantee a minimum of the value of the banknotes pressed at the mint. Cryptocurrencies have none of that.
They are only "currencies" that aim at those stupid enough to believe that this is something one should invest.
Cryptocurrencies have no real future and as a student I prefer to invest the little money I have into something that does not eat my funds away like the sun melts ice...
I definitely don’t see it as a long term investment and it’s very reckless to have your money scattered on who’s knows what hard drives but while i lost a lot in the stock market I came across crypto and noticed it’s tends I ride the waves but when low and sell when high and never lost anything but you are right it’s risky and can vanish any second but that’s also life.
I could tell you on thing, DYOR always and don’t ask advice to other people, some are hunting to get money from newbies.
I, myself have had some losses over the course but I have had 1500X win as well :)
So, if you invest you should do so carefully, only the amount of money you feel comfortable losing and only invest in the currency you truly believe in and you have researched a lot about.
Because women are smart and are evolved to dislike fear and uncertainty more than we do. Comparatively speaking, we can idiots because of testosterone.
Crypto was horseshit since Day One and anyone who understands human nature would know that. Women are more attuned to human nature than we are, thus the phrase "women's intuition". So, in short, they knew better.
Females are not big on risk exactly but I still wish I wish among the thousands of dollars I spent on everyday horeshit I wish I dedicated just one dollar in horseshit dipped bitcoin I wound have been a millionaire by now lol
True but some guys do and some don’t but ladies I couldn’t help but notice 100% negative in my experience. And I’m not saying they are wrong or advocating crypto on the contrary I like to discuss things with people but when it comes to financials I pay close attention to what ladies have to say.
Maybe women are less likely to be fooled by pyramid schemes? I've yet to find anyone, male or female, IRL who doesn't think crypto is a scam. But my friends are nerds so they have a lot of background to recognize what is going on.
I've known women who bought crypto. But in general women are less tolerant of risk. And crypto is extremely high risk. Crypto is not even real currency. It's pure gambling.
In fairness, the stock market is largely gambling also. You shouldn't be in the stock market either if you can't afford to lose it. But at least stock represents something tangible. Crypto takes it to a whole new level.
I done like it I but when it’s low and sell a bit higher very short term but I don’t trust it honestly. I did buy some of the extremely cheap ones to let them set maybe one day they become valuable but again small amount I’m prepared to lose think of it as a litter ticket
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