Is it just me or did Crypto jump the shark last night

[MineralMan]

12. Cryptocurrency is a scam.

Its price goes up as more people buy it and the demand for it grows. The increasing price gets more people to buy into the concept. But, like all pyramid schemes, if people stop buying it in increasing numbers, the price will go back down again. So, it is dependent on getting more people involved as buyers.

Early investors can be winners, but those who come in and buy high will eventually become losers.

The real problem is that it is based on nothing. So, it has no real intrinsic value. Further, it is not backed by a reliable creator, such as a successful nation, or even a successful corporation, as equity stock is backed.

It's a fantasy currency, and the actual fantasy is that you can get rich just by buying it. Some will get rich, but if you're buying into it now, you're way too late in the predictably short lifespan of cryptocurrencies.

Now, just watch: Someone will come into this discussion and tell you I'm wrong. Will you believe that person? If so, buy away. You'll help that person make money from your money. What a deal, eh?