Your title, first statement contradicts the other. People are making crazy money on Crypto - what's wrong with that?
BHW goes on trendy moments where people talk only about certain things. Truth is, a good amount of Digital marketers are talking about Crypto like crazy. Why not? You make $5k day-trading with Crypto while it generally takes a lot more effort to make that with other means.
All love to Crypto. Sure, lots of talk but I don't see why people are complaining about free money being handed to them.
Luka
Ah the old free money... if only it were possible without printing your own.
I'm not trying to rile people I am genuinely concerned for people who are going into this lock stock and barrel without even understanding the fundamentals of how any market works, because they're going to lose everything, it's not a matter of if, it's a matter of when.
And consider this - in 1929 people had to contact a broker to buy or sell shares, they still used ticker tape fgs.
In the early 2000's most people could only trade by phoning their brokers.
And yet in both those cases the market crashed hard very, very fast - i.e. it dropped off a cliff.
What do you think is going to happen this time, when people can whip out their smart phone, hit a button and sell it all insantly?
I'll tell you - absolute PANIC.
The main exchanges can't cope with the volume now, some aren't even accepting new accounts, and others have crashed under the strain of the traffic they have already.
So when panic sets in and people want to sell as they watch the price drop, and drop, and drop - and then they can't login because their exchange is down - it'll make them panic more, and by the time they can get access they'll sell it all and you'll see probably an 80% to 90% drop in crypto prices in one sitting.
You haven't made a penny until you sell and take it out in cold hard cash, and if you try to sell when it pops then it'll be too late and you'll lose it all.
I know the coiners don't agree or believe this, but mark my words that day is fast approaching.