this post was submitted on 10 Aug 2024
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Technology
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Most people when starting out are, or at least should be, very uneasy about putting money into things with no underlying value or feasible purpose beyond being bought by a greater fool in the future.
What about cash?
I’ve rarely heard it suggested as an investment, but it can actually be realisticly used to goods and services outside of itself and as such does have an actual purpose, which is more than can be said for any crypto currency.
There are several cryptocurrencies which are regularly used for purchases. Just because BTC and meme-coins get the media coverage and speculation doesn't stop others being used for transactions.