Cryptocurrency
By celticeagle
@celticeagle (171528)
Boise, Idaho
February 17, 2025 3:10pm CST
I have been curious about cryptocurrency for some time now. Today I delved in to find out what it's all about. Pretty much as I thought but some interesting reading.
They are digital currency such as Bitcoin that is used as a alternative payment option. They are used in speculations or payments instead of using a government or bank.
There are all kinds from Meemcoin to $Trump and $Melania. Trump has a crypto company, World Liberty Financial that sells cryptocurrency with which he has made $58 million as of January 2025 in trading fees alone.
They are risky and unreliable. Rich people will buy large amounts, hype them up on social media to get the price up and then sell them when they peak. Critics are voicing ethical concerns and feel that they should be regulated and that elected officials should not be allowed to own them just like stock.
The black market uses this type of currency because it can't be tracked.
One website that sells them says they are meant as an expression of support, not as an investment opportunity.
Picture is from my collection.
9 people like this
7 responses
@lilacskies (4537)
• United States
17 Feb
There are a lot of people who got super rich from it and now they cruise around in their fancy cars and own millions of dollars of real estate. I see them all the time walking in and out of fancy boutiques with shopping bags. I recognize them because they are popular on YouTube.
3 people like this
@celticeagle (171528)
• Boise, Idaho
17 Feb
I'd be afraid to speculate on it. If I have any money I want it to go where I trust it and know what I have.
3 people like this
@lilacskies (4537)
• United States
17 Feb
@celticeagle They like taking risks so they took it, cashed out on time, and made huge profits. They are enjoying their lives. That must be nice. Not everyone has high morals like you. You are a rare diamond. These people don't care about any of that. They just want to make money, get rich, buy stuff, brag, and show off.
3 people like this
@celticeagle (171528)
• Boise, Idaho
17 Feb
@lilacskies .......These types sound like Trump and his group.
3 people like this
@celticeagle (171528)
• Boise, Idaho
17 Feb
I doubt that will happen because people are making to much $$. This is what that guy who had the Silk Road site on the Dark Web made his money. I wouldn't trust anyone using this type of currency. No way to track it so crooks can do their business with it.
3 people like this
@allknowing (141016)
• India
18 Feb
I have earned quite a bit of BCH (Bitcoin Cash) working for Sites that paid in crypto. I have a BCH wallet.
1 person likes this
@celticeagle (171528)
• Boise, Idaho
18 Feb
Interesting. Have you exchanged any? Can you convert it to regular dollars or onlyt use it where cryptocurrency is used?
1 person likes this
@allknowing (141016)
• India
18 Feb
@celticeagle Yes. I have converted them to Indian Rupees
1 person likes this
@RasmaSandra (82565)
• Daytona Beach, Florida
17 Feb
I am not too sure about cryptocurrency and prefer to use what I know.
3 people like this
@celticeagle (171528)
• Boise, Idaho
19 Feb
That's not good. I wouldn't use it if I didn't know it was secure.
1 person likes this
