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33 thoughts on “My unpopular opinion // crypto sucks”
  1. Avataaar/Circle Created with python_avatars @floydsmithjr7999 says:

    I totally agree with you. I’ve always felt about crypto that “something doesn’t smell right”. The problem I have with it is there’s nothing to it. There’s nothing backing it except fantasy, it doesn’t produce a product or service, it’s pure speculation on hype. Hype of what? Someone else’s opinion of something that has no substance? No thank you, there’s other places to make more than enough money to retire with. Another problem I have with it is it seems to be becoming a crypto zombie cult, almost a religion. That’s never a good thing. I know a few people who got in it early and made a lot of money, good for them. Had I had any idea what was going on at that time I might have gotten in also, but I didn’t, oh well. I look at crypto as an underground economy playground for the ultra wealthy. If it ever gets regulated, and sooner or later it will, it will be as valuable as a dollar bill at a 10 dollar slot machine. If you’re into trading crypto, go ahead, knock yourself out, just be careful.

    On that note, if you are correct about the nefarious activities happening around crypto, and I can find no reason to doubt that revelation, that’s a problem.
    If someone can sleep well at njght knowing that they are financing drug addiction, child prostitution and terrorism then there’s nothing left to talk about, this conversation is ended.

  2. Avataaar/Circle Created with python_avatars @Topbeehler says:

    Good news bro! Your opinion, not unpopular. about 90% of the USA, and over 99% of the rest of the world (Crypto took off more in the USA) have a negative opinion of Crypto, NFTs, and Generative Ai. You're opinion not only is popular, but one of the most held popular opinions in world history!

    Lets give you an example. In the world open racism is more popular than Crypto. That isn't a joke, more places in the world are more willing to openly say they actively hate a single group for where they are born, or the color of their skin than people like Crypto XD There are more Neo Nazis in the USA, more people in India who hate people from Pakistan, and more people in the EU who openly hate immigrants than people who like or put any value on Crypto, NFTs, and Generative Ai

    So congrats, you hold one of the most popular opinions of all time in world history

  3. Avataaar/Circle Created with python_avatars @marderzwei7315 says:

    then why do you trust cash?

  4. Avataaar/Circle Created with python_avatars @socialdetective9462 says:

    Day trading is degen gambling too 😂

  5. Avataaar/Circle Created with python_avatars @iBacajaca says:

    Johnny, take a walk
    With your sister the moon
    Let her pale light in
    To fill up your room
    You've been living underground
    Eating from a can
    You've been running away
    From what you don't understand
    Love

    Mysterious Ways / U2

    Google “Trust Machine: The Story Of Blockchain” 😉

  6. Avataaar/Circle Created with python_avatars @anthonysmith2295 says:

    Ross, is there a particular reason you've never gotten into forex?

  7. Avataaar/Circle Created with python_avatars @kohare2431 says:

    U make enuf money in stocks u don't have go look at crypto

  8. Avataaar/Circle Created with python_avatars @SheronBatiste-ok7qp says:

    Ross, your insight on this was amazing. Especially since I consult companies on adopting technology such as digital assets. With banking institutions like credit Swiss have come under fire along with several crypto-exchanges for representing derelicts . This makes me realize it all comes down to trust. Do we trust in crypto, do we trust global banking, and financial systems that represent what we currently see as amoral activity. As a society we have always been apprised of “bad players” such as NASCAR, Curaleaf, Spotify, and Louis Vuitton. Crypto is no different because it is a technology backed currency that can be improved upon in a plethora of ways.

  9. Avataaar/Circle Created with python_avatars @gigibarrett1777 says:

    Bitcoins was used for buying and selling under ground stuff ??👀 I never heard that and I don’t want to promote any the stuff like that I don’t care how much that’s so sad 😔

  10. Avataaar/Circle Created with python_avatars @charlesmunchow says:

    A conventional currency has a nations economy to support it. To me crypto has nothing intrinsic. It relies on an inflow of people 'investing' in it to push it up. I see the spammers on the Internet trying to encourage this all the time. That is why I think crypto is simply a ponzi scheme.

  11. Avataaar/Circle Created with python_avatars @Ron-ry6nh says:

    Hey Ross, thanks as always for your teachings and great insight. I entered crypto because I couldn't afford to trade stocks and wanted to learn to trade and make some cash with the little income I had. I've managed to do nicely with crypto and continue to learn. My dream is to trade stocks when I feel I have enough to do so. For now it's all about high risk, high returns for me but obviously when I am in a position to need to protect my capital, stocks will be a wiser choice for the most part.. the way I see it, it's kind of like taking medication and weighing up the side effects versus the benefits.

  12. Avataaar/Circle Created with python_avatars @myselfiemirror says:

    Never ever wanted to touch it

  13. Avataaar/Circle Created with python_avatars @chrisfraser1355 says:

    I agree with you completely. The very thought of crypto is unsettling.

  14. Avataaar/Circle Created with python_avatars @johnpaulson3226 says:

    Ross can you do a video on Momentum Trading on IPO’s ???

  15. Avataaar/Circle Created with python_avatars @michaelsoule8617 says:

    Cash is also used for all those illicit things you mentioned

  16. Avataaar/Circle Created with python_avatars @andreagate542 says:

    Thanks for another wonderful video, how does a slow market affect daytrading versus traditionally investing in ETF’s. ? Many thanks

  17. Avataaar/Circle Created with python_avatars @johngiuca9933 says:

    Great video!

  18. Avataaar/Circle Created with python_avatars @Landhoe116 says:

    what matters most? the more shares that are bought or the more money that is invested into a stock?

  19. Avataaar/Circle Created with python_avatars @panaderoflamenco says:

    says the guy who trades penny stocks…

  20. Avataaar/Circle Created with python_avatars @christianmaitner1403 says:

    I respect that Ross, but I don’t see trading crypto as any worse than trading meme stocks or pharma small caps that always give back there moves… we can agree to disagree

  21. Avataaar/Circle Created with python_avatars @Justintimetolive says:

    i here and understand why you do not need the extra risk. i do however think crypto has the ability to help the global economy and if done right we could have one global monetary policy through crypto. it will not be long and crypto will be apart of our everyday lifes. visa, mastercard ,amazon ,shopify ,sesame street, just to name a few. much respect for you ross. i just struggle to aggree with your opinion on this one. it is very valid i however believe crypto is the way of our future. whether we like it or not. adapt and overcome is my strategy

  22. Avataaar/Circle Created with python_avatars @shawnmcdonald9352 says:

    Absolutely right. Ross.

  23. Avataaar/Circle Created with python_avatars @gigibarrett1777 says:

    I WASNT Sude where Go ask This But .. im just wondering i see all these people or Videos people saying Turn 100$ Into 1,000$ and so on… Is this real or how do they do this ..ifeel like I’m not getting anywhere..If true how do you turn 100$ into so much more?? (For dummies I guess.I’m tryn to learn &kind of really love watching stocks.

  24. Avataaar/Circle Created with python_avatars @michaeljohnson2470 says:

    Of course, banks can never fail… And stocks can never halt.. Or the housing market cannot crash. Trading based on perceived future value is literally speculation. Lord, stick to momentum trading because your reasons are hypocritical ….

  25. Avataaar/Circle Created with python_avatars @Kmike54 says:

    I think exactly the same

  26. Avataaar/Circle Created with python_avatars @joshorender4219 says:

    Just trade crypto when the market is cold in small account to minimize risk. I've found when the market isnt moving crypto is. And vice versa

  27. Avataaar/Circle Created with python_avatars @blackparadoxx9656 says:

    Cryptos are the modern day tulips.

  28. Avataaar/Circle Created with python_avatars @user-mz4ep4hy8s says:

    I agree I still have money locked up on the blockchain accidentally sending to wrong address! not your wallet not your keys..

  29. Avataaar/Circle Created with python_avatars @yunosghazali says:

    totally agree with u

  30. Avataaar/Circle Created with python_avatars @achristianson4059 says:

    I don’t even refer to them as currency

  31. Avataaar/Circle Created with python_avatars @izquierdaderecha7661 says:

    Completely right Ross…Cryptos are speculative trash.

  32. Avataaar/Circle Created with python_avatars @mattladaslav1187 says:

    I have the exact same feelings. That's why I don't touch it.

  33. Avataaar/Circle Created with python_avatars @ATLJB86 says:

    Study history.. Every single tech boom has the same result as crypto is having. Some things will bust and go to zero and some things will be Amazon and Google.

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