{"id":45358,"date":"2022-06-22T20:52:26","date_gmt":"2022-06-22T20:52:26","guid":{"rendered":"https:\/\/adamfayed.com\/?p=45358"},"modified":"2024-02-23T05:33:54","modified_gmt":"2024-02-23T05:33:54","slug":"do-you-use-or-invest-in-any-cryptocurrencies-yourself","status":"publish","type":"post","link":"https:\/\/adamfayed.com\/es\/investment-options\/do-you-use-or-invest-in-any-cryptocurrencies-yourself\/","title":{"rendered":"Do you use or invest in any cryptocurrencies yourself?"},"content":{"rendered":"<p>Escribo a menudo en Quora.com, donde soy el escritor m\u00e1s visto sobre temas financieros, con m\u00e1s de 422,4 millones de visitas en los \u00faltimos a\u00f1os.<\/p>\n\n\n\n<p><strong>En las respuestas que figuran a continuaci\u00f3n me he centrado en los siguientes temas y cuestiones<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Do you use or invest in any cryptocurrencies yourself?<\/li>\n\n\n\n<li>Is it possible to have a system with neither rich nor poor? <\/li>\n<\/ul>\n\n\n\n<p>Si quieres que responda a alguna pregunta en Quora o YouTube, o est\u00e1s buscando invertir, no dudes en<a href=\"https:\/\/adamfayed.com\/es\/#contact-me\">&nbsp;p\u00f3ngase en contacto conmigo<\/a>, correo electr\u00f3nico (advice@adamfayed.com) o utiliza la funci\u00f3n de WhatsApp que aparece a continuaci\u00f3n.<\/p>\n\n\n\n<p>Es posible que algunos de los enlaces y v\u00eddeos a los que se hace referencia s\u00f3lo est\u00e9n disponibles en las respuestas originales.&nbsp;<\/p>\n\n\n\n<p>Fuente de todas las respuestas: p\u00e1gina Quora de Adam Fayed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Do you use or invest in any cryptocurrencies yourself?<\/h2>\n\n\n\n<p>The simple answer is no.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"512\" height=\"512\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/10\/whitephoenix_a_photo_of_cryptocurrencies_395d5b50-c0fc-4330-8189-d5cc8dd2d356-512x512.png\" alt=\"\" class=\"wp-image-68935\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/10\/whitephoenix_a_photo_of_cryptocurrencies_395d5b50-c0fc-4330-8189-d5cc8dd2d356-512x512.png 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/10\/whitephoenix_a_photo_of_cryptocurrencies_395d5b50-c0fc-4330-8189-d5cc8dd2d356-300x300.png 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/10\/whitephoenix_a_photo_of_cryptocurrencies_395d5b50-c0fc-4330-8189-d5cc8dd2d356-150x150.png 150w, https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/10\/whitephoenix_a_photo_of_cryptocurrencies_395d5b50-c0fc-4330-8189-d5cc8dd2d356-81x81.png 81w, https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/10\/whitephoenix_a_photo_of_cryptocurrencies_395d5b50-c0fc-4330-8189-d5cc8dd2d356.png 573w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Las razones son:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>It hasn\u2019t done what it says it will do. When I was first introduced to it in 2013, it was said to be many things. The main things were a currency at that time. Subsequently, it has been said to be:<\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A store of value like gold<\/li>\n\n\n\n<li>An uncorrelated asset to the stock market<\/li>\n\n\n\n<li>A speculative investment<\/li>\n<\/ul>\n\n\n\n<p>Most of these things haven\u2019t turned out to be true\u2026.apart from a speculative investment.<\/p>\n\n\n\n<p>There used to be an advert on TV when I was a kid in the UK. It would advertise a boring product like paint with the slogan \u201cit does exactly what it says on the TIN\u201d.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/qph.cf2.quoracdn.net\/main-qimg-5888a9f8efb605b454d43a446c1cfe3e-lq\" alt=\"\"><\/figure>\n\n\n\n<p>With crypto, it hasn\u2019t done exactly what it says on the tin. It has been the opposite in many ways. It has been too volatile to be a currency.<\/p>\n\n\n\n<p>It has also been heavily correlated to the stock market, especially technology &#8211; moving lower when the Nasdaq falls and higher when it rises.<\/p>\n\n\n\n<p>2. One of the few things it has been a speculative investment, but I don\u2019t speculate when I invest.<\/p>\n\n\n\n<p>Besides, as I own my own business, investing in super risky assets doesn\u2019t interest me, when I can make private investments that can yield cash flow.<\/p>\n\n\n\n<p>3. Speaking of cash flow, most coins don\u2019t produce any yield, coupon, or dividends. So, it is only worth what the next person will pay for it<\/p>\n\n\n\n<p>4. It isn\u2019t easy to buy the entire market like you can with stocks (ETFs and so on). This is a key point because let\u2019s look at technology. Technology has been the best performing sector of the market in the ultra long-term, despite the volatility.<\/p>\n\n\n\n<p>The Nasdaq has beaten the S&amp;P500 and Dow Jones in the last 30-40 years, or even 22 years, despite the 2000 crash. Yet most tech firms went to zero. With digital currencies, there is the chance that even if it succeeds, only a select few projects (government and private) will succeed.<\/p>\n\n\n\n<p>Remember, most tech investors eventually lost money in the 1990s\/early 2000s, despite the entire market doing well over the long term. One reason is they invested in individual projects that went to zero.<\/p>\n\n\n\n<p>5. Crypto hasn\u2019t succeeded and has been tried and tested, during a global recession with higher interest rates and inflation. So, the next time that happens (whether this year or in ten), will be a huge test. What is more, the market cap was small from 2013-to 2018, during the last crypto bear market. This time, it is bigger.<\/p>\n\n\n\n<p>Many investors bought at much higher prices than now. If it takes the market five or ten years to recover, will it ever recover, when many of the investors wanted a quick return? In comparison, certain stock indexes, REIT indexes, and some other assets have a 100% track record of coming back from bad times eventually.<\/p>\n\n\n\n<p>6. The Bitcoin paper from Nassim Taleb, was a slam dunk. You can read the paper here &#8211;&nbsp;<a href=\"https:\/\/www.fooledbyrandomness.com\/BTC-QF.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.fooledbyrandomness.com\/BTC-QF.pdf<\/a><\/p>\n\n\n\n<p>Remember, Taleb likes the idea, in principle, of private currencies. So, he isn&#8217;t anti the idea. He just doesn\u2019t think it will work.<\/p>\n\n\n\n<p>I haven\u2019t heard a convincing argument for the alternative. Perhaps the only good argument I have heard is that these coins are infrastructure like Microsoft is &#8211; especially with regards to projects like Ethereum and Cardano &#8211; and therefore the value-added is completely different from what most people said it was.<\/p>\n\n\n\n<p>7. The risk of government intervention. What is an even bigger risk to the market than higher interest rates and all the issues I mentioned above? The risk is that governments will come in and induce people to give up private coins.<\/p>\n\n\n\n<p>If the digital Euro, USD, and Pound are created once governments are happy with the technology, and they offer investors a fixed return if they cash in their private coins, then this could harm the market.<\/p>\n\n\n\n<p>The next ten years could be key. If a bear market lasts for five years or more, governments come in with digital currency and try to take market share from the private coins, there are higher interest rates and at least one recession in the decade, and these private crypto coins come back, then that is a good sign.<\/p>\n\n\n\n<p>Either way, it isn\u2019t something to put all your wealth in. The price might go up a lot or fall to zero, but that doesn\u2019t mean you need to be invested just because of the price movement.<\/p>\n\n\n\n<p>I do not doubt that we are heading into an increasingly digital future, and government digital currencies will become big. I am just not convinced that most people will make money in these coins.<\/p>\n\n\n\n<p>Either way, the next decade will tell us a lot.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Is it possible to have a system where there are neither poor or rich?<\/h2>\n\n\n\n<p>It has been tried in many countries. It has failed time and again in:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The former Soviet Union<\/li>\n\n\n\n<li>Cambodia under Pol Pot<\/li>\n\n\n\n<li>Mao\u2019s China<\/li>\n\n\n\n<li>Many other places as well. The list could go on and on.<\/li>\n<\/ul>\n\n\n\n<p>It doesn\u2019t work and goes against human nature entirely.<\/p>\n\n\n\n<p>I went to the killing fields in Cambodia, and the experience was awful.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/qph.cf2.quoracdn.net\/main-qimg-e73f98895eb2081dbad7e3133b796b0b-lq\" alt=\"\"><\/figure>\n\n\n\n<p>Often it is utopian types who are most likely to be brutal when they get into power.<\/p>\n\n\n\n<p>What is more, somebody needs to \u201cmanage\u201d such inequality, which often means that everybody is equally as poor, apart from those in power, who corruptly take advantage of the situation.<\/p>\n\n\n\n<p>That is what happened before in most communist countries. The leaders weren\u2019t equal to others. They didn\u2019t practice what they preached.<\/p>\n\n\n\n<p>Complaints about \u201cfairness\u201d often result in many wars as well. Often keeping, but improving, the status quo works much better.<\/p>\n\n\n\n<p>We only realize what we have when something is taken away from us, as Covid-19 showed us. People complain and then years later look back at those periods as \u201cthe good old times\u201d.<\/p>\n\n\n\n<p>All private individuals can do is try to be good, and make money in the process, by offering value to others.<\/p>\n\n\n\n<p>Being idealistic doesn\u2019t usually solve anything, both for personal self-interest and for the wider good.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>\u00bfLe duele la indecisi\u00f3n financiera? \u00bfQuiere invertir con Adam?<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"604\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2.png\" alt=\"\" class=\"wp-image-41190\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2.png 1024w, https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2-300x177.png 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2-768x453.png 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2022\/04\/smile-beige-jacket-4-1024x604-2-81x48.png 81w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/become-adams-client\/\">Convi\u00e9rtase en mi cliente<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/good-match-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Realice el cuestionario de elegibilidad de clientes<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">P\u00f3ngase en contacto con<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Adam es un autor reconocido internacionalmente en temas financieros, con m\u00e1s de 830 millones de respuestas en Quora, un libro muy vendido en Amazon y colaborador de Forbes.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Do you use or invest in any cryptocurrencies yourself?<\/p>","protected":false},"author":1,"featured_media":64545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10166176115445471_100883565069113":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[11798],"tags":[],"class_list":["post-45358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-options"],"_links":{"self":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/45358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/comments?post=45358"}],"version-history":[{"count":1,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/45358\/revisions"}],"predecessor-version":[{"id":80878,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/45358\/revisions\/80878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/media\/64545"}],"wp:attachment":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/media?parent=45358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/categories?post=45358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/tags?post=45358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}