CRYPTO PUSHERS : Why So Many?

Avraam J. Dectis

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Oct 29, 2021

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Popular media today is inundated with articles pushing the great benefits of cryptocurrencies.

Why is this?

You never see articles extolling the benefits of any genuine government currency. So then, why crypto?

It all comes down to how crypto works.

If people are buying crypto and there are few sellers the price will go up.

If nobody wants to buy crypto and someone tries to sell, the price becomes zero.

Crypto has no intrinsic value, so it must be continually pumped up in the media.

Unlike almost every other asset you could own, like real currency, real estate, real stocks, real bonds and even durable goods, which will retain value no matter what, crypto is permanently at risk of suddenly becoming worthless.

This is why there is such a continuous frantic effort to promote crypto. It is not unlike a Ponzi scheme, if buyers disappear, even briefly, the whole thing will collapse.

Crypto is promoted by an entire media industry desperately seeking to seem impartial and nonchalant. This is why there are so many stories that seem ostensibly about something else but which have the random comment inserted that goes something like, “Oh, and buy some crypto too”.

So it is not a coincidence that the impressionable reader is told to buy, buy, buy and never sell.

The best indicator of the truthfulness of the above is that crypto pushers almost never tell you how much cryptocurrency they own. They want to sound impartial when they are not.

Anyone who buys cryptocurrency is forced into telling everyone how great it is to avoid losing their money. The hope is to pump it up to sell at a profit.

A better name for cryptocurrency is kleptocurrecy. The only time anyone ever asked me for kleptocurrency was when I received a blackmail spam demanding to be paid in klepto.

Kleptocurrency is a medium of exchange for criminals. If someone hacks your computer they will not ask for a check or a credit card or cash, they will demand Kleptocurrency, probably bitcoin.

If klepto had true value they would not express klepto values in terms of dollars. They would express dollar values in terms of klepto.

Avoid klepto.

Ask the pushers how much they own.

If you still want to buy klepto, go ahead. You might make some money. You might lose some money. Either way, you can be certain that you are not investing. What you are doing is helping someone profitably cash out with the hope that there is yet another greater fool to do the same for you.