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RE: The Cult Syndrome in Crypto and How to Recognize It .:. Late Night Blogging

in Deep Dives2 years ago

Plenty of interesting points here. No doubt that there are 100s or even 1000s of cult coins or pyramid scheme coins out there, and one must do their own research in order to avoid risking their investments. I find that such due diligence goes out the window though when 5x 10x and 100x gains are achievable. Greed is a dangerous motivator..

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Greed is a dangerous motivator..

For sure! Greed is probably one of the biggest causes of all bad things happening on Earth... Look at the wealthiest people in the world... When will they spend all their money? They couldn't do it in 10 lives, and not just 1... One monthly earnings of Top10 richest people could solve the poverty in Africa...

one must do their own research in order to avoid risking their investments

That's the point of everything nowadays! Nobody does research... It's hard, it's boring... Let's just cheer and jump on every new thing! Like that GIF that I shared in the post... "It's more fun as a follower"...

!WINE

Nobody does research... It's hard, it's boring... Let's just cheer and jump on every new thing!

Nail on the head... That's it exactly 💯

People don't want to put the work in but expect to get rich quickly.


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