[data_mine]

those are some outdated and short sighted half-truths.

1. there certainly is a lot of scams in the crypto market - not denying that. when every tom/dick and doge can create their own super internet coin with a search/replace of someone elses code it's easy to set up fleece people and run. but there's plenty of legit options too. the old 'too good to be true and it is' rule always applies, do your research.

2. it's early in the market, yes it's unregulated. that doesn't mean it's bad, just means you have to be careful.

3. meh, banks aren't the strong hold bastion of perfectly legal behaviour either.

4. just like the stock markets, it's all investor confidence at the end of the day.

5. over inflated. yep for sure there's criminal enterprises using crypto to avoid the cops/taxman. but the bulk of money involved these days is from institutional invesments.

6. Agree except the last point, there's a heap of cryptos with a 'house' / casino boss at the top - avoid those ones, they're the easy to spot/avoid (as with safemoon I mentioned above). there's more than 10,000 crypto coins/tokens/defi's etc. etc. I only care about and invest in maybe 10 of them, the rest I see either zero real value or long term life in, or (the majority) are just outright scams.


the days of fast money 1000%+ growth is gone. you can't expect the throw in $10 for a laugh and be a millionaire later (and if any coin/token is making that kind of promise it's a scam). to make real money you got to play with real money.