A sucker is born every day, and replace older suckers, the world is populated by 1% nasty scammers, 50% suckers and 49% honest people. Dont quote me on this, I just made it up. BUT, what this story is about is the amazing number of idiots that believe in the so called get rich quick schemes offered up in the cryptocurrency world. There are two types on scams, the imitation scammers that set up fake sites to steal peoples hard earned assets by appearing to be a real site but are not, and the get rich quick scammers that are split into two groups; the liars that just want to steal your money and the criminals that set up pyramid and ponzi schemes.
Now, you might ask, what is the difference between all three of these in the crypto world in comparison to those in the real currency world and the answer is simply this: in the real currency world there are regulators, in the crypto world there is nothing.
The reality is like this, and now you can quote me: “The world of cryptocurrency is not regulated, it is owned by private individuals and organizations that are trying to get rich by circumventing the real currency and asset world by promising amazing results based on their technological advances.” In other words, a bubble of a virtual bubble that gains its value only through the fevered imagination of those that would hope to get rich quick.
Now add to this confusion (over 9,000 tokens and coins traded over 2,000 exchanges) the reality that these platforms, sites and tokens are all owned by private non regulated people, in some instances registered in shady countries that have even less regulation. Add a pinch of online marketing magic to make things look so amazing, such as a team of professionals with doctorate degrees (as if that is a sign of ethical standing) and then punch into this weirdly named new concepts that are basically mirrors of the banking worlds asset management systems renamed with such cool names as “liquidity pools” and “staking” and you have the makings of a whole new world of wonder where the average citizen will run to as if the pied piper of Hamlin hypnotizes them.
So, what am I getting to…take all these virtual worlds and inject into them the criminal element, take into account that a lot of the sites and tokens are already owned by criminals, and now you have the added benefit of being scammed in a virtual world.
So, here are some questions for you, for everyone:
The Crypto Sucker Test (Are you a sucker?)
1) If you walk into a casino and you buy the casino chips for real money would you then take them and give them to a total stranger that stands next to you in the casino and says “Give me $100 and I will give you back $1000 tomorrow”…well, would you?
2) If you had to chose between investing your $$$ in a banking asset platform such as the stock exchange or more solid but lower income dividend assets or converting that money into casino chips being offered by a casino that does not have any proof of legitimacy and promising you easy returns? Would you do this?
3) If someone walks up to you in the street and say’s give me your $$$ and I will give you back ten fold in BTC tomorrow, would you do this???
4) if you entered a casino and were told you don’t need to gamble, just “stake” your chips in a vault and earn interest, would you?
So there you have it, four questions (1 & 3 are similar) now go answer them and see if you are a sucker or not.
The post Why Suckers Don’t Die, they only get Replaced – The Crypto Sucker Test appeared first on Fuzzy.One.
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