Crypto may have its usage but the coins themselves aren’t worth very much and the market does not value them very much. Why? Only maybe 3% of crypto buyers unde

Crypto may have its usage but the coins themselves aren’t worth very much and the market does not value them very much. Why? Only maybe 3% of crypto buyers understand the technology, understand the boom/bust cycles, and essentially understand what exactly it is they are buying. The other 97% are irrational actors. They are common people who hopped onto the craze after the wild media frenzy, heard from their colleagues about a magic coin that exponentially increases in value, poor and lower middle class from other countries who really don’t understand it, and the tech pseudo crypto literate community who repeat the similar phrases: the technology is legit, but some coins are overvalued, alt coins are useless but etherum and btc are useful, crypto is like the dot com bubble and a few coins will survive and turn into the next tech behemoths. I belong to this latter group though my ego might think otherwise. In my eyes the valuation is due to the volatility from the 97% of irrational actors, many who pump and dump, and the big players who can do sketch actions with little oversight. This is not an investment class I feel confident in purchasing if it’s almost completely irrational. I am at the mercy of others and chaos and long term these factors will likely converge to a significant loss for me. The one hope being that there comes to be significant value unknown to us now but comes in the future.