Don't believe everything right away; always verify. Critical thinking is a must in the crypto world.

The Crypto Market is exploding, and a lot of money will be made, but many will also lose once the hype is over. Don't believe everything you hear, don't be so gullible; be prudent when investing.

One of the things that I have noticed is that my friends who don't know much about cryptos and are only interested in making money are buying altcoins. They are pumping like crazy, and they are starting to believe they know it all, and now they are beginning to ignore words of caution.

This behavior has not just passed by; to me, it means that people are buying whatever is pumping, and if you were holding some altcoins from at least a year ago, chances are you may be in a lot of profits at this moment. Even new coins that have only recently been added to the first ten coins in CMC are pumping a lot, which tells me the market is getting too enthusiastic about it.

Sooner or later, a correction will be happening; my word to you will be to hold that you may feel comfortable having for a long time despite ups and downs; to me, that crypto asset is Bitcoin Cash and some other DeFi tokens for SmartBCH and RSK as well because I believe on trading without intermediaries.

I don't know if the rich are buying Bitcoin because they know no better or haven't done their research, but I doubt they would invest without understanding BTC's issues, and yet they keep on buying. I would put my crypto conspiracy hut and think that the rich are afraid of any change on the status quo, and are trying to control the supply of Bitcoin, so that later once they hold it all, the only way to get Bitcoin will be through their services on which you won't ever own the real deal, but just a number on your screen in short custodian Bitcoin.

Proof of this conspiracy is already in the making; bitcoiners are promoting custodian services like Wallet of Satoshi and calling it the real deal. However, bitcoiners encourage PayPal as if PayPal Bitcoin is the real deal. To me, the rich are buying Bitcoin so that they can sell custodian services in the future where they will be able to print unlimited bitcoins, or at best fractional reserve Bitcoin, which will mean Bitcoin is as good as any regular bank today, and it will mean that instead of governments printing money it will be the institution printing the money Bitcoin. But it will be printing nevertheless.

Or the other reason could be that rich people know no better, and even with their millions, they are still stupid if the rich and their institutions are buying Bitcoin because they believe in a hedge against inflation and that they think that once inflation hits, they will be saved they are wrong very wrong indeed. This will mean they have drunk the bitcoiners kool-Aid. And it will mean that if you follow their advice, you will be putting your investment at risk as well.

Suppose you are putting your money on Bitcoin because you think inflation of the US dollar. In that case, you may be putting your money at risk because the dollar is a worldwide currency. Every fiat currency is linked to it, not to mention global prices and indices; that will mean that once inflation or hyperinflation hits the US dollar, you will need to use your investment. The only problem is that scenario will be happening globally, and the rich that bought Bitcoin together with everyone else will be trying to use their Bitcoin almost all simultaneously. This will mean transactions will be much more expansive than ever before in dollar terms and satoshis. And I expect fees as high as eth fees in satoshis terms which means you could see 0.10 BTC fees for the transaction.

Remember, the rich are telling you to buy Bitcoin as a hedge against inflation, which means that once inflation is here, you and everyone else who thinks BTC is a hedge would start to use it as such, which will make transactions fees unbearable.

Now, if you are buying Bitcoin not as a currency but as a store of value, that will mean that once inflation is here, you will be looking to exchange those bits into dollars to buy quickly other assets; otherwise, once you convert back to dollars, you will start to lose your purchasing power.

Your only option will be to use it as a store of value that no one uses, but if you bought it as a hedge against inflation but can't use it in times of inflation, that means it is not a hedge at all.

In times of crisis which is what an inflation world will be and God forbids is not a hyperinflation crisis, because, at that moment, the United States will be another Venezuela and guess what Venezuelans can't afford food, let alone Bitcoin high transaction fees, the same thing will be for Americans, in such crisis.

The rich think that they will be able to afford any fees that Bitcoin requires at that moment. Still, you the regular Joe, I don't think you would be able to do so, and yet you believe what they are saying, and the influencers on YouTube are not explaining those dangerous possibilities either. I bet the YouTubers are getting paid by bitcoiners, so they will not talk about those things any time soon.

Don't trust what you hear and write; always verify and apply your critical thinking to the narrative story, including this article.