Thread by @theBuoyantMan

If you say anything negative about a project/crypto, you're usually downvoted, and people comment you're spreading FUD.

But if you're blindly optimistic, being strong for the community, and blindly follow along, people like that.

Otherwise they shame you as a non-believer.

Guess where else this behavior was exhibited?

1) Enron
2) Vakrangee
3) Satyam
4) Subhiksha
5) Dot Com companies
6) 2006-07 Housing Market
7) Bernie Madoff's clients

Now, I am not saying the all of the cryptocurrency space is like this, but most of it is like this.

You'll see this behavior from top accounts like @APompliano to bottom scraping good-for-nothing accounts here on Twitter being keyboard warriors with $100 invested in BTC at $60k.

When a community strongly and vehemently denies discussing any negative aspects of it,

and whenever discussed, it usually brushes that off,

and whenever focus is brought back on, label you as a FUD spreader,

and ridicule you,

and worse yet, comment on your personal life, and your investment choices in other parts of your portfolio,

it shows that the community is blinded by their belief or desire for riches or both.

It USUALLY NEVER ENDS WELL.

Also, during the dot com bubble, the top 10 tech companies that were listed and blooming, weren't the top 10 tech companies now. Amazon was somewhere in the bottom range back then, and fell as much as 90%, took 10+ years to get back to the same level.

The landscape is going to be very different 10 years from now, even in cryptocurrencies.

So, do not get swayed by the blind believers.

Diversify among crypto. Don't invest in what you don't understand. Do your research. And, don't take recommendations from your colleagues.

This was an interesting comment.

Notice any of the indicators I have mentioned here?

It's fun to read and scroll along. Don't take such things as investment advice though.

https://twitter.com/shiva_yb/status/1398939916415819780?s=20