Mr.Burnham Wrote: Most cryptos are ponzi schemes. They organize pump and dump schemes through discord and telegram. Members of such groups are instructed to promote everywhere they can and then when the price peaks they dump all their coin. It is just a scam in a non-reversible currency. They take advantage of people trying to make money. It is no different than selling an ebook with an autopilot, whitehat method that makes $500 a day.
See, thats how i am currently looking at this whole digital currency, due to the fact that people throw money into something that may never be anything.