Is cryptocurrency a reliable enough investment to count on for retirement?

in dPoll4 years ago

Is cryptocurrency a reliable enough investment to count on for retirement?


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Negative. Especially those that are inflationary and prone to exploitation... Unless you're doing the exploitation that is.

It's interesting to watch how people behave and quickly we are to turn on one another and the collective interest if they perceive they are able to get ahead in doing so.

Such is the nature of man

There are some well established projects some of them will definitely succeeded

Don't get me wrong. I 100% agree but just trying to emphasize the issue with inflationary assets retaining value.

There must be either a constant or increasing demand that is equal to the rate at which new tokens are minted.

I had brought up the concept of a crypto having a dynamic inflation rate. Perhaps, it could be a value that witnesses could adjust based on the market.

Think, I'll explore this concept further in a post.

I think steem have potential to become a good investment of future

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Maybe this will change in the future, but nowadays cryptocurrencies are too volatile for being reliable enough to count on retirement. Even the so-called stable coins are not stable. One day, Steem Dollars (SBD) may worth more than $1 USD, and $0.73 USD in the other.

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Not even bitcoin and ethereum or steem

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Interesting

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