aasatru@kbin.earthtoNo Stupid Questions@lemmy.world•How can a US citizen invest outside the reach of the federal government?
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11 hours agoAs the current us government is very pro crypto, I’d say this is not only very risky, but you would also be buying into their narrative and possibly be an even greater part of it as it crashes and burns.
That said, you’re not wrong.
I would be worried that when the scammers in charge dump their holdings, the resulting turmoil will affect other currencies as well. Demand-based markets don’t respond well nor rationally to panic.
That said, I also think the whole thing is a ponzi, and my understanding is of course affected by that. But I believe the logic above would apply in either case.