Cryptos are fun, can’t take that away from it. But has it ever occurred to you speculators that you don’t personally know who have created these cryptos? Maybe one or two might have a face, but they’re only a face. And now, we have just accepted that all are currencies because they fall under the 'crypto currency' umbrella when all they really are is a horse you’re betting on in the 3rd.
There’s over 800 crypto currencies as of yet, all with owners that have the largest interest in that speculation. Has it ever occurred to you that you’re being used?
Example: A casino in Las Vegas hires a few keyboard smashers to code a ‘crytpo currency’ for them, of course the casino keeps half of the coins and releases the rest (but they’ll say they’ve released all of them). Well, some buzz happens on the net about what is now called VegasCoin and people buy into it. Well, after some time, or during the ride up, the casino begins to liquidate its coins as it needs, eventually leaving VegasCoin to start to deteriorate, and then the software quietly vanishes and all the holders of VegasCoin will have no recourse.
I believe that’s what is on the horizon. A ghost town of Crypto Currencies that matured and had nothing left to give. And walking around aimlessly will be the betters of that coin that fell for the grand illusion, thinking this was a way to get rich quick and there was little chance of losing.
People need to wake up! What do you think is going to happen when the collapse really gains speed? People are going to dump these cryptos and head into the metals and these cryptos will end up in the crypt. And for many of these cryptos, Bitcoin is the gateway. What happens if Bitcoin goes down? Many of these speculations will be left floating out at sea.
If you have money to lose, great, but most people today doesn’t have money to lose. And maybe it might be worth it to have a few dollars in a crypto you like and granted, the technology is revolutionary. But be aware, these cryptos aren’t to shun the establishment like many tout, they’re only and completely for monetary gain. And one thing I've learned from YouTubers is, the more they advertise a certain crypto coin, the more they have of that certain coin. So they need you to get in, so they could get out. Don't be that sucker.
Greed...the love of money is an ugly thing. It will cause people do things that they may not even realize they're doing. This is very evident with people in 'get rich quick' schemes. YOU'VE BEEN WARNED!
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