Sometimes, very intelligent people get misled by an excess of knowledge. They feel they are right while every simpleton intuitively knows that they’re wrong.
Cryptocurrency is money based on nothing. When it comes down, it will crash as if it is based on nothing. You know, skeptic are right, sometimes.
Could millions of people, who heavily invest in this, be wrong? Sure!
My father used to say cynically about people giving advice while lacking even basic knowledge: Not inhibited by a surplus of knowledge. Well, in this case this might actually be an advantage. How so?
Well, it’s simple. Sometimes, when you don’t know too much about it, you may be able to see the wood for the trees, while others who see every tree in the forest might not see the big picture anymore.
Moreover, it could be an advantage to know nothing about something that is rooted in darkness, shade or nothing. Cryptocurrency is the promise of the future and … could always stay that. But more likely, it will collapse until the only thing left will be an entry in Wikipedia.
People who now advertise their richness from cryptocurrency will be still counting money while you count your losses. How do I know?
How can I be so sure that cryptocurrency will be a disaster for almost all of the “investors” in it and at most a success for only a few? This comes from this superficial insight:
When some win big (say: you), there are two possibilities: 1. Or you won nothing – they are just conning you. 2. Many others lost big.
There are two things that you don’t want: A. Be one of many serious losers. B. Have caused a lot of people lose a lot of their money to you while you did nothing for them (big theft).
And making fun of the accusation that they are con artists does not prove that they are not. If it’s too good to be true, it usually is. Sorry.
Try believing in U.F.O.s or anything else that does not cost you your savings or other hard-won financial stability.