[mw888]

The volatility, in one direction, is a bread and butter argument for the crypto skeptic. Most people investing in crypto know the risks, that’s exactly what draws them in, because it comes with huge potential upsides. No one is better at pointing out scams and schemes than other people in crypto.

What the skeptics fail to realize is that they often occupy just as much, if not more of a ‘team mindset’ than those engaging in the space. Their skepticism becomes more like the failed D.A.R.E. program to reduce adolescent drug use by exaggerating the virtues of abstinence and the worst case scenarios. And ironically, they can’t even articulate the worst parts, because they never engaged enough to have a deep understanding.

If you really want to find the deep dark secrets of crypto, no group will do it better than devout followers or developers of competing projects. I have read far more useful takedowns and warnings from people heavily engaged with and passionate about crypto currencies than the cynics are even capable of.

[Nursie]

Yet the visible crypto communities on the web usually control the narrative to exclude such things, and then the major crashes (Terra/Luna, Celcius) come as a huge surprise to the adherents, where sceptic communities were warning against them for months.

So while you may come across 'takedowns' from enthusiasts, wherever it is you are getting those, the public face of the community pushes these away, bans and silences negative voices and encourages speculation without a second thought.

[UncleMeat]

My brother in law lost absolutely enormous sums because “return was guaranteed” and “there was no way to lose.” He wasn’t seeking a high volatility investment with high upside. He was following what was claimed to be foolproof advice for getting rich guaranteed.