@jimmy....Thanks mate. I did not look at gambling at all, for I...

First 179 Last

Share
Profile

Follow
Marum

3,493 Posts.

80

07/01/22

14:06

Post #: 58707220
Share

Originally posted by JimmyD75: ↑

Marum, I've been reading up and trying to get my head around crypto for a while and can only conclude that investing in this space is very, very risky. Most cryptocurrencies appear to have no intrinsic value at all, and appeal to investors on the back of the concept of scarcity, the fact there will only ever be a certain number of coins in circulation. There are some however, that may have utility.

NFTs appear to have utility in gaming for example. This has really taken off in the Philippines, where office workers who get paid $5-6k a year to work 40 hours a week in a call centre can make more money by staying home and playing games on their mobile phones, accumulating and creating 'assets' in-game that can go up in value in future. Other countries where play-to-earn gaming could take off include Indonesia and Brazil.

There was discussion earlier in this thread as to where might one want to invest in future, given most asset classes appear to be in a bubble or at least overvalued. I would say leveraging into new and useful technology and the clean/green energy revolution will be two of the best inflation hedges in the next few years.

Expand

@jimmy....Thanks mate. I did not look at gambling at all, for I am a non-gambler.

That being said, I am not anti-gambling. Heck! I have near $100K worth of CWNHBs. I must revisit NFTs with a more open mind.

Regards. Marum Katze.

Last edited by Marum: 07/01/22
Upvote

Reply

There are more pages in this discussion • 17 more messages in this thread...

First 179 Last

@jimmy....Thanks mate. I did not look at gambling at all, for I...

Featured News

Regal copper grades at Gascoyne play see shares jump 33% for Augustus

Are there gains to be made with the grocery giants?

Tamboran steps on the gas to supply the Top End

AML3D secures Australian defence government contract

PharmAust CEO's sayanora triggers stock plunge

Featured News

@jimmy....Thanks mate. I did not look at gambling at all, for I...

Featured News

Top Stories

Regal copper grades at Gascoyne play see shares jump 33% for Augustus

Are there gains to be made with the grocery giants?

Tamboran steps on the gas to supply the Top End

AML3D secures Australian defence government contract

PharmAust CEO's sayanora triggers stock plunge

Featured News