Why most cryptocurrencies are scams?

Heads up, because it’s about to get intense: Crypto is a scam. Yes, you read that correctly, no jokes here. Why? Here’s a truthful article to think over, especially for those who have just started exploring cryptocurrencies this year or the last.

Key points for beginners

1. If you’re a newbie, stick to Bitcoin and Ethereum. No exceptions.
2. Altcoins for the long hold? Historically, that’s never been a thing. Only two cryptos count for this — Bitcoin and Ethereum.
3. Altcoins are scams. I can say with certainty your wallet will “lighten” faster than you think. It’s not a question of if, but when.
4. Easy money? No, just an easy way to lose money.
5. Want to earn? Learn and work hard, there’s no other way. A lot of hard work.
6. Blogger advisors or Telegram channels? Check their background and reviews first. Less than 5–7 years in crypto? They’re not your mentors.

The cryptocurrency market can be divided into three categories:

1. Bitcoin
2. Ethereum
3. Altcoins (everything other than the first two)

Altcoins: a no-go for beginners