General Discussion

Norrrm

(4,008 posts)

34. The big money return in crypto is:::

Mon Dec 15, 2025, 06:14 PM

Dec 15

A volatile, unstable, wishful 'currency' with no assets or gov't support backing it.

The big money return in crypto is:::
1. Starting it, hyping it, selling it, and getting out, leaving the
suckers holding the bag.
2. Handling/storing it for others.
...a. Not your own money/crypto. Someone else's money/crypto.
...b. Lots of fraud/money manipulation/theft/lack of regulation.
3. Backed by trust/faith/great promises/optimism... but no
real assets.
4. It can literally disappear and good luck with lawsuits.
------------------
-------------------------------------------
A few have profited by 'investing' but not the majority.

Bitcoin is one of the very, very few that has made profit.
And that is only because people WANT to believe in it.
Even bitcoin has no real assets backing it.

BC is used as a fantastic example of crypto but it is a lucky outlier.

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Highlight:

If You Have Investments in Anything Related to AI, Start Unloading Them. [View all] MineralMan Dec 15 OP

I work for a Multinational Corp. TBA Dec 15 #1

Just like the dot com bubble Dave says Dec 15 #6

The problem is not with the product. The problem is the way the FINANCING of the product is structured. 3Hotdogs Dec 15 #22

It's not the same gulliver Dec 16 #47

They also make hardware in addition to software Sympthsical Dec 16 #58

Lots of companies are integrating AI angrychair Dec 15 #40

This has been my firsthand experience as well. W_HAMILTON Dec 15 #44

My nursing school uses AI to teach Sympthsical Dec 16 #59

I also am old enough to remember the first time i saw the internet... W_HAMILTON Dec 15 #43

IBM and McDs couldn't make an AI menu system work consistently, I doubt others success uponit7771 Dec 16 #54

I entirely agree dickthegrouch Dec 15 #2

these doom and gloom financial predictions rollin74 Dec 15 #3

Everyone here thinks they're Michael Burry fujiyamasan Dec 15 #13

... cause this time circular financing without organic income is different this time? uponit7771 Dec 16 #61

AI, grok, crypto..................... Lovie777 Dec 15 #4

While I understand your point, I believe AI is more in the over-promised stage similar to right before the Dot.com artemisia1 Dec 15 #5

I agree Dave says Dec 15 #7

Partially right, IMO Happy Hoosier Dec 15 #8

21st century needs require 21st century tools.... anciano Dec 15 #9

Most of the junk you see isn't good quality ai jfz9580m Dec 16 #46

The valuations don't make much sense fujiyamasan Dec 15 #10

I'm more inclined to listen to my trained financial advisors. Gore1FL Dec 15 #11

The zillow dollar question is not if, CanonRay Dec 15 #12

AI has been around for a long time. LeftInTX Dec 15 #14

No. They are not interchangeable terms. Celerity Dec 15 #15

But it's used in common speech nowadays LeftInTX Dec 15 #20

It seems if many non-AI things are now being re-branded as AI Deminpenn Dec 16 #50

Same advice I always give: don't make financial decisions based on buy or sell advice from a DU poster. onenote Dec 15 #16

Yes, I've been here for decades fujiyamasan Dec 15 #29

If I took investing advice here, I would have sold everything years ago and hid it in a mattress somewhere MichMan Dec 16 #52

I completely agree about your assessment of Crypto currency Buddyzbuddy Dec 15 #17

Like it or not, AI has a solid function in business Mr.WeRP Dec 15 #18

Who has money to invest? ThreeNoSeep Dec 15 #19

Well, A.I. has destroyed my profession entirely already. OldBaldy1701E Dec 15 #21

I'll have you know that I've invested heavily in crypto Orrex Dec 15 #23

LOL! MineralMan Dec 15 #25

Yeah, but with hotels!!?!?! dutch777 Dec 15 #31

Whoa--easy there, moneybags! Orrex Dec 15 #38

The problem here isn't whether AI (I hate that name, its so false) will exist into the future, it will Cheezoholic Dec 15 #24

There is chatter about how the " large language model" isn't the right one Klarkashton Dec 15 #26

Not Quite Metaphorical Dec 15 #37

Correct, too much hallucinating uponit7771 Dec 16 #55

You're right. I'm going straight into scratch lottery tickets underpants Dec 15 #27

I didn't buy Micron at 12 cents in 1984 bucolic_frolic Dec 15 #28

Yep, people coming out of Forest Gump likely thought they "missed the boat" with Apple in 1994 fujiyamasan Dec 15 #30

We started getting into Nvidia about three years ago Sympthsical Dec 16 #63

Good call on nvdia fujiyamasan Dec 16 #64

Yeah, we've been conservative Sympthsical Dec 16 #65

I think for some of us in our forties we became particularly risk averse after the Great Recession fujiyamasan Dec 16 #66

Exact same here Sympthsical Dec 16 #67

The fake-looking generated art and chatbots are but a sliver of what AI is and can do TheProle Dec 15 #32

I've been saying this on Linked In Metaphorical Dec 15 #33

The big money return in crypto is::: Norrrm Dec 15 #34

AI works for some things Diraven Dec 15 #35

"It is not really intelligent and has no ability to truly create anything." dedl67 Dec 15 #36

Agree.... anciano Dec 15 #39

doubtful. WarGamer Dec 15 #41

Yes, Gemini 3 is impressive and much faster than before fujiyamasan Dec 15 #42

This is from Gemini itself uponit7771 Dec 16 #60

there are certain things I WILL NOT use AI for... WarGamer Dec 16 #68

It's fucking boring and it makes the people who use it fucking boring. hunter Dec 16 #45

AI is changing the world for the better gulliver Dec 16 #48

Remember how computers were going to reduce the amount of paperwork we suffered... hunter Dec 16 #51

Now do hallucination rate uponit7771 Dec 16 #56

I think that's a bit starry-eyed Happy Hoosier Dec 16 #62

Sell Ford and buy Jeremiah Buggy stock.....1912 Melon Dec 16 #49

Right now Fords engine doesn't work like they said it does, of course sell Ford uponit7771 Dec 16 #57

Cryptocurrency is literally hot air. Qutzupalotl Dec 16 #53