You know nothing Jon Snow... or you are invested heavily or payed by them.
Arguing over internet is past me but I cannot stay away from this cause it can save newbies money or even lives (see bitconnect suicidal posts).
You cannot compare Firstcoin to a normal crypto currency, even with a bad project. Firstcoin its a Ponzi and it is set to failure math wise.
Short ex: you go for 25k package. Your sponsor gets 20% affiliate commision and you get a 10% insta bonus, lol. You get a 7.5%/month for staking, so in 6 months they have a ROI of 75% (20+10+6x7.5), without their profits. Ohh… great...they must be some kind of markets geniuses. I wonder why Wall Street doesn’t hire them.
A ponzi goes down when there are not enough new members, and it goes exponentially.
So when they have 10 mil members for ex, they need at least 30 mil new signups next 6 months.. And then 100 mil, 500 mil etc..
And lets say bitcoin users gets to 300 mil people. Do we need more to sustain? No… and there is the difference between a healthy ecosystem and a ponzi sht.
If you believe that ATMs and Paulownia trees are projects to sustain that kind of grow then you are naive…
You mention a few cryptos and ICOs… Yes, some projects are better than others, but at least they are transparent (team, white paper, roadmap) and you have full control of your tokens. ICOs are also risky bets but if you learn the game you can make good ROI.
And yes, there is a lot of speculation in Crypto like in any other market. But u can trade gold or shit.. Is your choice. You buy a few bad apples sometimes? It happens … but if u are smart you had 10 apples and other fruits also…
But this fking ponzies are making me crazy. How can people put money in them when are so obv failures?!?!!?
So stay away from Firstcoin, Davorcoin, EtcEtcEtc Coin, and find REAL cryptos to invest. Don’t be a noob!
PS. This review is also good and funny
https://www.youtube.com/watch?v=R_MZX2cg8Zc