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Proposal: Cryptocurrency

I saw "What are the safest investment strategies for "long-term" (4+ yrs) profiting in volatile crypto markets?" appear under example questions.

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  • Cryptocurrencies are a technology, but currently used as an investment instrument. I think with Stack Exchange we want to focus on the technology of the underlying cryptocurrency.
    – Melroy van den Berg
    Nov 3, 2022 at 14:12
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    We did not close the question as off-topic. We closed it because it could lead to opinion based answers.
    – Ethan
    Nov 6, 2022 at 15:48

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I think it should be off-topic.

Questions about HOW to buy/sell/transfer/use some cryptocurrency would be on-topic, but WHY to buy/sell or strategies to buy/sell would not be.

Discussing investment strategies or price performance would be off-topic in most contexts.

"Why did the price of X go up?" - off-topic

"Why did the fees on X increase?" - could be on-topic, example A: because the price went up and software didn't adjust the fee amount in native currency, or, A: increased transaction pressure caused the fees in native currency to go up

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They should be off-topic for two primary reasons:

  • There is no mathematical formula for investing, so any information given is an opinion.
  • Whether or not an investment is safe will also be opinion as most crypto are not secured in any way.

Any answer will soon be out of date or not applicable to the next user. This has a chance to bring about a lot of duplicate investment questions and clutter the site.

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  • What's wrong with opinions? Should Software Recommendations SE be taken town? How about Academia SE and Workplace SE and Interpersonal Skills SE and many others?
    – Nike Dattani
    Nov 25, 2022 at 8:40
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I constantly find myself wanting to ask questions about why cryptocurrencies crashed suddenly, or jumped suddenly at some points in time, and have sadly had to resist it because the existing SE sites didn't allow it (and some of them don't even know why, they are just thinking as if it's StackOverflow where recommendations aren't allowed, despite the crypto site being independent and allowed to allow recommendations just like the Software Recommendations SE or Hardware Recommendations SE).

Allowing these questions will allow the site to attract a huge turnout and a healthy-sized community, comparable to some of our biggest and most successful sites like AskUbuntu or Physics.SE.

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    Problem with price is that nobody really knows why and most answers are opinions/rationalizations. That's fine, but I feel it really belongs to a broader category like "market speculation" and it would be more appropriate for some more general markets.SE site where people could share technical analysis charts, news headlines, etc. in attempts to explain a particular price move. In context of markets, cryptos aren't special, just another ticker to trade. Has there ever been a "financial markets" initiative on area51? Maybe those kinds of qs are already better served by TradingView...
    – bca-0353f40e
    Nov 3, 2022 at 14:03
  • Perhaps a markets tag would be a great idea! You can click "hide" on the tag if you don't want to see such questions, and you can click "watch" if you want to follow it :)
    – Nike Dattani
    Nov 3, 2022 at 14:22
  • Sure, I wouldn't mind trying it out although I fear that quality of those kinds of Q&As could be low and work against the site, I guess we'll see if we get it to public beta :)
    – bca-0353f40e
    Nov 3, 2022 at 14:24
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    I'd be very happy to see this proposal get to Beta!! I've been following crypto proposals on Area51 for years and this one is the one I'm most excited about!
    – Nike Dattani
    Nov 3, 2022 at 14:30
  • Whoa thanks. I can't believe that all this time nobody thought to make a general site, I guess everyone wanted a site for themselves. My motivation is that I want a place for Bitcoin Cash, but I don't mind creating a space for others, too.
    – bca-0353f40e
    Nov 3, 2022 at 14:54

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