LogFAQs > #964963883

Naysaspace posted...

This guy called it 2 months ago lmao

https://www.reddit.com/r/CryptoCurrency/comments/tbcrkh/explain_to_me_how_terraluna_is_not_a_scam/

And ppl on the luna forum are literally blaming george saros for some sort of 'attack'.

Crypto Bros (and particularly the GME / AMD ones) are absolutely delusional conspiracy-minded nutcases. With severe Dunning-Kruger syndrome.

If you made money in this pyramid scheme, congrats for getting in early. But that doesn't make you smart. It makes you lucky. And luck runs out if you keep pushing it.

Every dollar made in Crypto is a dollar lost by someone else. That's all it is. Complex gambling posing as currency.
And no, that's not "like the stock market." There's an actual company behind that stock. That company produces something. Crypto is LITERALLY NOTHING. You're paying money to buy nothing in the hopes that you can sell that nothing for more than you bought it for. It's a completely useless currency especially if you expect that the value of it will increase (and why else would you buy it?). It's a dangerous, unsustainable investment because YOU'RE NOT INVESTING IN ANYTHING.

This has been an Emperor's New Clothes problem for a decade. And yes, a lot of people have made a lot of money with it. With the exact same amount of money lost in the other direction. Every win is at someone else's expense. It's not a market. It's a casino.