^ creator of Python Language
Cryptocurrencies are all the rage lately. With Bitcoin prices reaching all-time highs, and new Initial Coin Offerings (ICOs) popping up every day, it’s hard to miss the fervor around digital currencies.
But should we all be jumping on the cryptocurrency bandwagon?
Here are four reasons why we should all hate cryptocurrencies:
- They’re a scam.
Most cryptocurrencies are not backed by anything tangible. They’re based on pure speculation, and many of them are simply scams designed to take advantage of gullible investors.
- They’re unstable.
Cryptocurrencies are incredibly volatile. The value of Bitcoin, for example, has fluctuated by hundreds of dollars in a single day. This makes them a risky investment, and a poor store of value.
- They’re a bubble.
Cryptocurrencies are in a massive bubble right now.
In web3, we trust
Recently, there’s been a lot of buzz around web3. Many people are advocating for its widespread adoption, while others are warning of the dangers it poses. But what is web3, and why should we hate it?
Simply put, web3 is a new way of using the internet. It’s based on a technology called blockchain, which is a distributed database that allows for secure, transparent and tamper-proof transactions. This makes it a perfect solution for online transactions, which is why it’s being used to create a new internet called the “decentralized web”.
The problem with web3 is that it’s not really ready for mainstream adoption. The technology is still in its infancy, and there are a lot of kinks to be worked out. The user experience is also far from ideal, and it can be difficult to find reliable information about it.
Ultimately, web3 is a risky investment.
How to make money in crypto anyway:
There are a few ways to make money in crypto, despite the market downturn. Here are a few methods:
- Hodl: This is the classic way to make money in crypto. Buy low, sell high. Wait for the market to rebound and sell your coins for a profit.
- Trading: Trading can be a more active way to make money in crypto. Buy low, sell high, but also buy high and sell higher. Use indicators and strategies to make more informed trades.
- Mining: Mining can be a profitable way to make money in crypto, but it requires expensive hardware and a lot of electricity.
- Investment: Investing in crypto can be a way to make money, but it’s risky. Invest only what you can afford to lose. Look for coins with a good team, product, and long-term prospects.
- Bounty programs: Many crypto projects have bounty programs that pay participants