Whatever your thoughts on crypto, bitcoin was an interesting idea with potential applications. But none of the new "cryptocoins" added anything to what it offer

Whatever your thoughts on crypto, bitcoin was an interesting idea with potential applications. But none of the new "cryptocoins" added anything to what it offered. Thus, it was clear they were filled with grifters. When people invest in something that has no clear use in an already saturated market, it's safe to say that this is a grift. Furthermore, one of the key features of bitcoin was that no one needed to use an exchange, the entire idea of bitcoin was centered around the obsolescence of banks. You could keep your own money safer than it would be in a vault at the bank. Thus it's safe to say that these are grifts too. If anyone goes into these thinking "they're rock solid investments", they don't know what investment means, they don't know what rock solid means, and they understand absolutely nothing, not even the basics, about cryptocurrency. Saying that you'd "invest in crypto" is like claiming you invest in dollar bills. If a person says this, they are a stooge. If you want crypto because you wish to buy something that the seller only takes crypto for, then crypto is a good thing. If you're "investing", then you're just a stooge that got caught by this scam first, rather than by some Nigerian prince.