Pat Dennis @patdennis
Sick of people calling everything in crypto a Ponzi scheme. Some crypto projects are pump and dump schemes, while others are pyramid schemes. Others are just standard-issue fraud. Others are just middlemen skimming off the top. Stop glossing over the diversity in the industry.
If anyone consulted me, I would advise clients to put no money into cryptocurrency except for money they would happily take to Vegas or Seven Feathers Casino and be absolutely OK with losing.
As far as I can tell, sellers are the only ones for whom cryptocurrency is an investment -- for buyers, it's just Beanie Babies for nerds. You might buy low and sell high -- or you might be the one stuck with a roomful of worthlessness.