- 99% crypto are scams. 1% are good.
- Crypto is great for defi but anyone even without knowledge of coding can make their own coins or tokens and launch globally.
- defi in promise of growing web3 tech. But the wealth are centralized here with whales causing the manipulation risk. It's just web 2.00001 in the current form
- Crypto investing is not investing in real sense, it's a speculative bet.
- Even non scam projects are not strong enough to save them from technological attacks, as recent example is terra.
- It's a good beginning with speed of a new age technology that already existed since 2-3 decades but a reality now at its infancy level.
- yes, Greater fool theory is true for crypto.
- NFT are another trend in the infancy but having much lower usablity/value so much lesser hopes from it.
- we already live in a digital metaverse and do transactions with real money. VR may be another route in near future and transactions can happen in any way like barter system, real currency or crypto.
- Bitcoin which is considered alternative of gold and store of value have just a trillion $ which is not even a 3rd of most valuable company in s&p 500.
- 99% retail traders anyway loose money, whatever be the platform.
- The healthcare projects listed on coinmarket cap are just like electronic medical records and a few extra things. None of them are Investable, neither any of them being used at scale yet.
Conclusion :- 1) Don't get scammed, because of FOMO. 2) Learn tech. and it's good use for good purpose.
