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[fiery phoenix]

Since the launch of the first ever cryptocurrency Bitcoin in 2009 by the anonymous Satoshi Nakamoto,there has been a lot of skepticism around cryptocurrencies,what they really are,where their value comes from,if they are really assets or a giant pyramid scheme or bubble.
In recent years we have come to understanding that crypto are appreciating assets(as they meet the criteria of what an asset is) but its still not yet understood if they are real assets
Now Warren Buffet,the Greatest investor of all time recently said cryptocurrencies are not real assets as they produce nothing and also the investor investing in them owns nothing but just a digital representation of fake assets.
This statement really sent shivers into the crypto space and now some agree and understand that crypto is just speculation
This is further confirmed by the fact that crypto is zero sum,in order for one to make profit one has to lose that money on the other side

 

[Lens_]

We have seen a lot of strength and weakness in the blockchain technology because the decentralized nature of cryptocurrency provide the transparency and security but on the other hand, it also give room for ilicit activities.

 

[Flower]

I understand very well that the speculative nature of cryptocurrency could bring about fear of missing out and that is why many people see it as a pyramid scheme where only the people that adopted it earlier would gain from it.

 

[Lens_]

We should understand that cryptocurrency has a real world use and this is beyond speculation because we have seen the usefulness of the decentralized finance and non-fungible tokens which are probably used for cross border payment.

 

[Flower]

The debate on weather cryptocurrency is a real asset depends on individual preferences and it also has a lot to do with your risk tolerance because investment in cryptocurrency has a lot of risk attached.

 

[Lens_]

The regulatory scrutiny and intervention of the government in the cryptocurrency market shows that there is need for investor protection and it's one of the things that makes people skeptical of the cryptocurrency investment.

 

[Niftyicon]

This is often the topic of discussion among people that don't really know anything about cryptocurrencies or those that entered the markets ignorantly and got burnt. However, we all know it's no pyramid scheme provided you put your head and mind into it.