๐จ "MOST OF THE
#crypto ARE
#scams "... AND THIS TIME HE'S RIGHT ๐จ
If you want to understand what no one is telling you about the market ๐ก
#ElonMusk dropped another bomb:
๐ "some cryptoassets have value... but most are scams"
And even though it sounds harsh...
the data backs him up.
๐ Market reality (no filters):
โข During the ICO boom of 2017...
๐ nearly 80% were scams or failed projects
๐ Yes, you read that right... most
๐ฅ Real cases that left scars:
๐ Terra (LUNA)
โข Collapsed in 2022
โข Went from ~$120 to nearly $0
๐ loss of ~99.9%
๐ $LIBRA (political case in Argentina)
โข Explosive rise due to promotion
โข Then total collapse
๐ losses of $251 million for investors
๐ Memecoins like PEPE and similar
โข Violent spikes due to hype
โข Dumps just as fast
๐ many lose 70%-90% in days
๐ง If you're entering this world, understand this:
Not everything that rises... has value
๐ Many tokens exist solely to:
โข attract liquidity
โข inflate price
โข and exit on top
โ ๏ธ The trap that almost no one sees:
Scams don't look like scams at first
๐ they look like:
โข "unique opportunities"
โข "hidden gems"
โข "the next 100x"
And that's where most fall
๐ฃ But hereโs the difference:
While thousands of projects disappear...
Bitcoin is still there
๐ without a CEO
๐ without promises
๐ without aggressive marketing
๐ The market isn't fair...
It's a filter
And it eliminates:
โข those chasing hype
โข those who don't research
โข those who arrive late
๐ฅ Clear conclusion:
Musk isn't attacking crypto...
he's describing the reality of the market
๐ few survive
๐ many disappear
๐ฌ What do you think?
Is he exaggerating... or is he just saying what no one wants to accept? ๐