Wow!😮 just heard a fantastic monetary statement..

[Jace]

on the news..
There are 70,000 new millionaires
due to crypto currency.

Do you 'do' crypto currency?

 

[KSav]

No. I'm still not sure I even fully understand it!

 

[old medic]

NOPE..... our BIT of COINS can be pulled out the safe and make a sweet clicking sound when poured out

 

[Liberty]

on the news..
There are 70,000 new millionaires
due to crypto currency.

Do you 'do' crypto currency?

Nope!

 

[hawkdon]

no, don't understand it, and see no need for me to study about them...my
only concern with money is the fall of the canadian dollar lately...

 

[IrishEyes]

I do well enough to just understand and know what all the medical/insurance/SS/ living costs changes are
to add that to the mix.

 

[Aunt Bea]

No, I don’t invest in anything that I’m too stupid to understand.

Being a millionaire still sounds nice but these days it’s little more than a house, a couple of cars, and a modest retirement nest egg for many.

 

[WheatenLover]

No.
My question is how do you get actual US dollars from crypto currency?

 

[Jules]

Being a millionaire still sounds nice but these days it’s little more than a house, a couple of cars, and a modest retirement nest egg for many.

This is the way I’d like to be a millionaire. No interest in theoretical millions that I have to sell to get that house and car.

 

[Warrigal]

on the news..
There are 70,000 new millionaires
due to crypto currency.

Do you 'do' crypto currency?

Sounds to me like the classic bubble that will one day burst. Since it is mostly unearned income, I won't consider that event a calamity unless the actual workers of the world take the hit.

Here are some of the most significant financial bubbles in history:

Tulip Mania (1634–1637): A speculative frenzy in the Netherlands over tulip bulbs, leading to exorbitant prices and a subsequent crash.

South Sea Bubble (1720): A British stock bubble centered around the South Sea Company, which collapsed dramatically.
https://www.bing.com/ck/a?!&&p=091b...dC1lY29ub21pYy1idWJibGVzLWluLWhpc3Rvcnk&ntb=1

Railroad Mania (1845–1847): A period of excessive speculation in railway companies in the UK, resulting in a market crash.
https://www.bing.com/ck/a?!&&p=091b...dC1lY29ub21pYy1idWJibGVzLWluLWhpc3Rvcnk&ntb=1

Dot-com Bubble (1995–2000): A rapid rise and fall in the stock prices of internet-based companies, leading to significant financial losses.
https://www.bing.com/ck/a?!&&p=091b...dC1lY29ub21pYy1idWJibGVzLWluLWhpc3Rvcnk&ntb=1

Housing Market Collapse (2007-2008): A major financial crisis triggered by the bursting of the housing bubble in the United States

These bubbles illustrate the cyclical nature of financial markets and the potential for speculative excess.

 

[HoneyNut]

Do you 'do' crypto currency?

Not that I know of, though I suppose I might be invested in something that itself has some crypto. If I'd bought Bitcoin I probably would be one of those people who accidentally threw away the hard drive they had it on!

Now that it can be purchased within a Bitcoin fund at regular investment firms I suppose that would be safest for someone like me. But, I'm not sure I feel confident in something that only has value because of its rarity (though I guess that is why gold is valuable).

My retirement money is invested in companies and in bonds. All of which may crash next year (or not).

 

[Jace]

T Y.all...good 'going'!

 

[squatting dog]

There is a dark side of course.

Exchanges can "just vanish" without warning—368 have closed since 2014, 161 abruptly.
Cyberattacks are rampant—$3.1B+ was stolen in 2025 alone, with centralized exchanges being prime targets (71% of breaches). The Bybit hack in February 2025 wiped $1.46B due to a private key leak.

This is the nightmare scenario. Exchanges can "just vanish" without warning—368 have closed since 2014, 161 abruptly.
That is crypto's wild side. decentralized promise meets centralized pitfalls.

 

[mrstime]

I do not believe 'crypto' is real money. I believe it is a scam that many people fall for. What ever you do , do not give anyone touting 'crypto' your phone number.

 

[CaliS]

I don't understand crypto currency, bit coin or non-fungible tokens (NFTs)...

so nope!

 

[TeePee]

I've never understood it therefore never got into it.

 

[seadoug]

No way I would invest in it. I still remember when the "tech bubble" popped in 2000. I like to invest in tried and true equities that will weather the test of time. People will always need utilities, medicine, necessary goods and the like.