CRYPTO CURRENCY IS FAKE MONEY .

Bitcoin 💲 is a Scam?  It's a cautious 
warning to Investors.

I often hear people say that about crypto, but I fail to comprehend why they think it's "fake". Crypto is fake money, it's created and controlled by people who we don't know and as its unregulated we don't know if they are using their vast amount of coins to manipulate the price. The real idea of bitcoin itself (BCH, obviously) is less of a scam than the US dollar is if you look at it from a currency standpoint. Bitcoin was never supposed to be a “get rich” system, it was supposed to help people own their money outside of a bank, until everyone wanted a bank for their bitcoin.  SBF is a prime example of the risks with crypto. At least with fiat its controlled by a central bank that answers to the government, and while its not fully back by gold it is backed by the strength of the countries economy and whatever assets they do hold  .As far as I know, most currencies are fiat, not backed by any commodities (like gold). So governments and central banks control the supply of said currencies. But if you think about it, fiat is as "fake" as crypto would be, it's just worthless paper that can be printed on demand. Fiat is backed by the strength of the government that issues the currency. Why do you think US treasury bills are the safest investment in the world? Because the probability that the US will exist once the bill reaches maturity is really high. And you can be assured that the U.S. government will pay the bill holder (I.e. the debt obligation) .So by this premise, fiat is more real than you think. Also ask yourself, would you rather have your life savings in a Congo treasury bill or a US treasury bill? If you choose the US, ask yourself why. Now is crypto real? Who the fuck knows. I just hope someone will buy my coins from me at the top of the next bull run. I don’t intend to ever use crypto to pay for shit. It’s too volatile. Crypto is just like that, the only differences being that is totally digital, and the lack of a centralization layer.   Some are scams for sure. The ones people create purely for the sake of selling at the peak of a short term surge. Trumpcoin, Hawk Tuah etc. But those are exceptions. I would say as a more general statement, no crypto is not a scam because for the most part, the people who created them didn't do it as a scheme to syphon money from you to them. Having said that, there are definitely people who will lie and try to manipulate you (or the market in general) in to buying so it pumps up their own holdings, but again, I wouldn't say that makes crypto a scam. Someone can lie about the condition of a used car but that doesn't mean cars are a scam.There is literally no use for this commodity. Invest in stocks or bonds and your investing in future earnings or the ability of a company to pay you back. I’m not a fan of gold as an investment but at least it has some practical use. The use of crypto as a currency completely defies the definition of currency as it doesn’t hold a stable value.It’s infuriating that so many people have lost loads of money on “shitcoins” backed by the wealthy and famous. These were obviously pump and dump schemes yet very few are held accountable.  With the recent rugs pulls, and the generally unbridled speculation surrounding cryptos in the last year or so, I started having doubts about this whole thing. At the beginning it seemed that Cryptocurrencies could be a place where even us poors could compete with the rich and make a lot of money. Now it looks like it has become another instrument for them to transfer money from the middle class to the upper class. This recent events aren't the natural ebb and flow of the market, but a deliberate attack to bankrupt small investors and newbies. Do you think the crypto space will be different in a few years? Will it be an upper class only space? Where do the small fish go in this pond? Are we all gonna get eaten alive by sharks?  Very few people are winning in crypto. Especially poor people. Don't believe the hype. It's like gambling. Everyone talks about that time they won big. What they don't tell you is how much money they lost. So why should it be "faker" than fiat money?