Prices are extremely high and I don't like the mental burden of the price volatility. I don't see a fundamental reason why buying now means that you can expect returns in the future. That's my actual reason. I don't mind speculation, I just don't see the reason to buy or hold crypto right now.
The twitter thread you linked to is just a joke. First of all, it assumes that crypto will keep going up. Secondly, it talks about addressing inequality which it demonstrably doesn't. Inequality is the whole point especially if crypto is a good investment - getting in early is better than getting in late; buying is better than not buying - that's inequality. Crypto reorders wealth based on who bought the most at the earliest point in time.
It rubs me the wrong way when people use these moral justifications to defend crypto because it's plainly manipulative bullshit which is used to get in more suckers so that the prices can stay up.
Then there's people talking about the technology, or finance, or economics... most of those arguments for crypto aren't just wrong but very often the exact opposite is true.
The twitter thread you linked to is just a joke. First of all, it assumes that crypto will keep going up. Secondly, it talks about addressing inequality which it demonstrably doesn't. Inequality is the whole point especially if crypto is a good investment - getting in early is better than getting in late; buying is better than not buying - that's inequality. Crypto reorders wealth based on who bought the most at the earliest point in time.
It rubs me the wrong way when people use these moral justifications to defend crypto because it's plainly manipulative bullshit which is used to get in more suckers so that the prices can stay up.
Then there's people talking about the technology, or finance, or economics... most of those arguments for crypto aren't just wrong but very often the exact opposite is true.