Sure. It’s “not true” lol. I also know someone who bought a brownstone off of early bitcoin investment, but the whole thing is a bit like an Herbalife vendor. A couple early investors make a lot of money, and everyone else breaks even or loses. That’s why all these grifters keep creating new versions of the same blockchain technology to invest in. It’s a pyramid scheme, and you only cash out if you get in early. And what’s a better way to predict getting in early than creating the thing?

On Mon, Feb 7, 2022 at 2:55 PM Jeffrey Paul <sneak@sneak.berlin> wrote:

> On Feb 7, 2022, at 11:53, Colin Fitzpatrick <fitzcolin@gmail.com> wrote:
>
> NFTs, and most of Crypto, are a pump and dump scheme and most people end up losers in that game.

There are *many* scams in crypto, but these blanket statements about the entire market are simply false, and people should stop spreading them, if for no other reason than they are inaccurate.

This is one of those common cocktail party "everybody knows" things that people say a lot that just aren't true. Everyone I know saying this is almost entirely ignorant of the cryptocurrency markets.

Best,
-sneak

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Jeffrey Paul
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