Even a Ponzi scheme makes money for the early participants. The endgame is that the "value" of the currency must be maintained by "mining" operations---which require electric power to run computers. Eventually, the required growth in "mining" cannot be supported and the enterprise collapses.

I've seen the value histories over time. They look like seismographs.

perennial pump and dump to launder fiat out of the system on the backend, to hide the quantitatively eased hyperinfilation. In other words, buying crypto with fiat means you're helping the deepstate create more fake money

ideologically, cryptocurrency is the most profound freedom-protecting financial technology the world has ever seen. Ever. It's quite amazing. But the problem is we allowed the fin-tech bastards in and they've turned it into a casino once again. So I support only privacy coins because those are more difficult to turn into casinos and little financial instrument games that the worst people on earth play

whales move the market for better or worse, but this is like musical chairs to the small fish like you and me---many of us are left standing. meaning what we had we lost, we become the losers. It's a zero sum game on the whales always seem to win, and the scores of tiny fish lose

Do you really want to be at the whim of the whales? I don't. I'd rather hodl gold or monero