So I have met a few people since entering this space that love the crypto space because it fills their desire to gamble. However, I have found that some of these folks are even more careless with crypto than they would be if they were in a Casino actually gambling.
In a casino you would play with small amounts at tables you aren't very good at and as you get better your confidence grows and although the house always wins and the real decider of who wins or loses is based on luck, you will tend to bet modestly until you feel you are ready to shoot for the moon!
With crypto currency, youtubers pushing Bitpetite, Bitconnect, USI-Tech and many many more it becomes a huge gamble that is not even based on luck, its based on false hope that someone on the other side of those sites is actually looking out for your best interest! Although Bitconnect hasn't gone belly up yet and USI-Tech just might be somewhat credible... how many decades did Bernie Madoff run his scheme? As long as the flood gates of money are coming in its easy to continue paying out unrealistic percentages to the few who periodically cash out.
Bitpetite was promising the moon, those who contributed dumped in total... several million so that the scammers who ran bitpetite could go to the moon.
If you want to win this game, its good to watch youtube and use your favorite youtubers as inspiration to explore new tech, blockchains, crypto etc that you may want to invest in, however, do the research yourself before plunk down hundreds of thousands of dollars on something you JUST heard about from someone on youtube.
that's my 2 crypto.. more to come
