this post was submitted on 11 Nov 2023
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Come on, It's not "incredibly misleading". There is a risk factor with any investment, with life itself. Cryptocurrencies are just a higher risk, some more than other. How much risky is Ethereum is a good question, but I don't think we have to search for new adjectives and phrases to talk about cryptocurrencies.
I'm not saying anyone will become a millionaire or to buy some crazy assets, I'm saying that its good to diversify investments also by risk, so to invest a small portion of money into potentially more lucrative areas.
Yes, it is, because the general public views crypto as a single thing, while there is a big difference between BTC and ETH, on their own chains, with their own network effect backing them, and a token which literally anyone can start on their own and manipulate its market to make it look like a good investment before dumping.
So the general public shouldn't really be getting into this without understanding these risks. It's not just a matter of "these are more risky", it's that there is a huge difference in risk that the casual investor who is uninformed about Crypto can't spot.