Asklemmy

Cryptocurrency is a scam. Not just certain coins, but the whole concept.

And anyone investing into crypto is literally stealing from others. The people who made thousands of dollars on the crypto hype are not lucky - they literally stolen the money from someone down the line. Someone who probably needs them more, because it's the stupid people who will be stuck with worthless coins at the end. It will eventually be a zero-sum game. The only thing you can do with crypto is to sell it to someone else at a profit. It has no use or value. And it's a miracle that people are still willing to buy it at such a price. And since it has no inherent value, every time you sell it to someone at a profit, you are literally scamming them, or someone else.

Because there will eventually be people loosing literally millions of dollars, stuck with a worthless stash of crypto they can do nothing with. Their only option is to hype up others, scam them some more and hope that they will buy it, so they can steal their money and let it be their problem.

Anyone making profit on selling crypto is evil and should feel bad about it. Because the thousands of dollars he made on it may as well be someones life savings they couldn't afford to loose, but did. People should realize this, and not glorify the lucky individuals who got set up for life by getting in on it early enough.

Once the crypto falls for good, there will be many lives ruined. And a lot of people will be defending it, "you should have sold earlier, just like I did", that's how they will justify it. No, it's not about selling earlier. Everyone who made a profit at selling crypto is responsible for it, and should be reminded that it's his fault. And every one of those lives ruined was the price for the profit anyone has made by selling crypto. And we need to keep reminding them as much as possible, when this happens.