Re: Cryptocurrencies are ponzi schemes
TandyMy wife was able to make £12k from this new Doge coin or whatever it was called.
Oh yeah it’s really easy to make a lot of money off memes like Doge. You just need to catch it at the right time. 1 bought in at 1 cent and sold at 10. It got to a dollar at one point.
When they crash though they don’t tend to recover.
It's why everyone, myself included, chucked in some play money on SHIB at such a low level because if one daft celebrity bangs on about it a bit you can easily end up with ten times your money.
You just have to realise that essentially investing in something like that is a big game of roulette. There's no logic involved and you'll probably lose your money. It's important to differentiate these coins from the proper ones.