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crypto market is crashing

kind of sad to see so many people lose their shirts over this. But I mean, c'mon. You had to have known it wasn't this easy right?
SW-User
Reminds me of that headline about the crypto scam: "Fake Money Turns Out to be Fake"

Although that was about an actual scam, I kind of feel it applies to all crypto. 🤷‍♂️
OggggO · 36-40, M
And nothing of value was lost.
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MethDozer · M
It is and it isn't. It's sad what crypto became instead of it what it was sold to be and it's sad that the one's qho are going ro take the hard hit are little guys. Yet, crypto has been majorly corrupted by venture capitalists looking for a free for all scam.
MethDozer · M
@NoahB I wouldn't say I ever fully beleived in crypto but thought it had the right philosophical direction at one time.
NoahB · 26-30, M
@MethDozer yeah it went off the rails when people started viewing it as an appreciating asset instead of what it can actually be useful for. (A way to buy drugs through the mail) lol
@MethDozer Actually there were a bunch of people who kept buying ever-more-expensive computers/upgrading their computer farms in order to be competitive in the search/hunt for the next bitcoin, etc., reveal.

And they were people who had the means to do that, so not really "the little people".

But if anyone thought that an informal, made up fiat currency is somehow better than an established one, backed by a major government of a rich nation, a currency internationally recognized and used daily, well...they are welcome to their opinions.

"Get rich quick" schemes usually [u]are[/u] schemes.

 
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