THE NUMBER #1 REASON YOU COULD LOSE EVERYTHING YOU INVEST IN CRYPTOCURRENCY:

in #cryptocurrency7 years ago

@TruthMonger @Minds.com

Quite simply...The InterNet CryptoCurrency Media.
The same Lamer$ who reported on the Tezos ICO and built it up, often without any type of valid analysis or critique, are now concentrating on reporting how 'successful' it is without reporting anything other than what you could get from a Tezos press handout.
It seems the 'experts' in the CryptoMedia aren't tech-savvy enough to access Tezos FaceSchnook Page, or perhaps they view their role in the industry as 'cheerleaders' instead of 'reporters'...
All of the headlines scream RAISED $ 200 MILLION ALREADY...AWESOME!
None of the so-called 'news stories' point out the posts to FaceBook and other forums about sending their hard-earned money to Tezos and getting nothing in return.
No one is reporting that this 'awesome' company claiming to be worth investing in because of their 'vision' of future great technological development in the Crypto Currency market don't even know how to set up a website and contribution system that doesn't take people's money under false pretenses.
Does Tezos have integrity? Will they blame people's problems on the masses being 'stupid' unlike their 'genius' selves? Or will they 'fix' the problem that they, themselves created by doing right by the people who 'thought' they were investing but are getting nothing for their money because Tezos was more interested in raking in the cash than spending the time, money and effort necessary to make certain that no one gets defrauded?
There is no telling. That is in the future.
But in the present, The CryptoCurrency media isn't reporting on it, or warning people, and are maybe even not aware of it.
Instead, they seem to just be waving their pom-poms and cheering.

Sort:  

You will certainly lose everything if you keep it in fiat sitting in a bank. That's a fact. Crypto, the worst that happens if you lose everything. The best that happens is you end up a millionaire and take down the central banks.

Spoken like a True CypherPunk...
There are 'investments' and 'gambles' and CryptoCurrency is a bit of both, so you might as well get some Las Vegas style 'entertainment' from it while supporting a worthy cause.
If you 'lose everything' it will probably be because the government and big banks step in to 'regulate' things and keep you 'safe'...

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.031
BTC 61586.28
ETH 2569.21
USDT 1.00
SBD 2.55