Do you even understand yourself the question and how it relates to anything said?? I have a feeling you can’t even distinguish logical pairs of currency/central bank and blockchain technology/coins. Providing a list of some bankrupt companies that were sitting on top of established blockchains somehow hinting it is the same as when governments with their currencies default, like wtf.
Not all crypto currencies are equal, bitcoin is the most robust from technology point of view that’s why i use it as the most understandable example, there are coins that have variations of bitcoin and ethereum algorithms with some things just done a bit differently, but essentially copy the same thing, and there are coins that are pure air speculation like that dogecoin. Swiss franc is also just an example understandable for you. Otherwise obviously not interested in specificity “why people trust switzerland so much”, the value of a distributed robust digital transfer is being assessed here and currency of that transfer, which people 80+ well not interested in either, so each to their own.
No, I chose the Swiss Franc because it is the world’s most stable currency
The Swiss Franc (CHF) is persistently strong due to its status as a global “safe-haven” currency, driven by Switzerland’s low national debt, consistently low inflation, and decades of political and economic stability.
More detail by clicking here.
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It is now worth less than half of its peak a year ago so being robust doesn’t show up as a financial benefit.
A one year downward trend is discouraging.
Yes and in case of troubles god with angels will back up Switzerland, amen.
Seems you like to trade cryptos and that may explain the slightly aggressive tone of your posts.
I present all my stock trades in the “simple stock trading” thread, including a monthly recap with gains or losses long- and short term. Why don’t you do the same, so we can share your hurting or pleasure? I mean bitcoin did rise a lot and 60 k is still a nice sum. As short term trader (which I am not) I would love the volatility.
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still about 3k too much to attract a new wave of speculation, I bet everyone is waiting for the rock bottom
Art has no backing except consensus that its valuable. Especially modern one doesn’t even have that. “I could have dripped paint myself fo 20 chf”. Just saying…
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Can also tape a banana to a canvass. But that duct tape is dam expensive these days.
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