Who buys crypto? TXC coin has skyrocketed!!!

I said the same thing over ten years ago... Except the value of BTC has raised like 3000% instead. Kicking myself for selling my coins.
I can understand that… I remember when selling mine at a 40% profit that I thought I was doing good. I was actually at work and using my company iPad to sell them.
They sold them at $11,000 🥲

I actually have a couple fragments left over which is kind of neat as a consolation prize. But absolutely nothing close to what it could’ve been.

Play to have some XRP, which has gone no place except recently. I never sold that paid around 35 cents.
Now, if I could just remember what hard drive it’s on…some outdated computer🥲 still not that much though.
 
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I made some money several years ago when I bought Dogecoin on a complete whim, before there was any news about it. I just remembered seeing it on the side of a Nascar car one time many moons ago. It was basically worthless so I bought a ton of it thinking maybe it would be worth a couple of dollars some day. Ending up making around a nice chunk of change when I sold it at its peak. I own 675K worthless Shiba Inu coins now, but nothing else.
 
What is crypto?
Is it a currency or a commodity?
What real use is there for it other than laundering money or making sanctioned or otherwise illegal transactions?
 
I wish I bought $100 worth on BTC when I first learned about it and it was about 10c.
Crypto can be currency, commodity or property depending on its purpose and how regulators look at it.
There are many 'get rich fast' crypto projects practicing 'pump and dump' and there are many legit ones that have purpose.
Benefits of 'proper' crypto are in their portability, low storage cost and inability to fake it as well as fast and cheap transfers.
Unlike crypto, digital currency which govs will be mandating on us soon can be 'printed' and made with expiry date.
As far as illegal use, cash is still king in illegal use, anything can be used with illegal intent, even exchanging labor for goods can be illegal.
 
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