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<p>[QUOTE=&quot;Two Dogs, post: 8187920, member: 85671&quot;]Here goes: A small part of my reason for stating that those who are pro-crypto believe in it as if it was a religion was to poke the bear as the saying goes.</p><p>The main reason for my statement was due to comments I read on this forum as well as on sites such as Kitco, and also some conversations with acquaintances. </p><p>~95% of those who invest in crypto (not you) argue with complete unwavering faith that their bitcoin or whatever crypto they&#039;re in will go up and give them tremendous returns, they have complete faith that there is something, some system which is completely credible backing their crypto and that the currencies of the world are more likely to fail than cryptos (despite governments being able to tax citizens and businesses). They have an unwavering faith that their crypto coins will always be available when needed, the system backing them is secure. </p><p>If we were talking about the merits of investing in silver or Exxon stock, we could rationally discuss the risks involved as well as the opportunities for future profits.&nbsp; However, the same conversation regarding the pros/cons of cryptos is rarely possible. Any question of the risks or other criticism regarding crypto is taken as an attack.&nbsp; If someone told me that they were a devout Christian, it would be foolish for me to try to change their beliefs.&nbsp; Their religious devotions are based on faith, on events that can not be proven, but are taken as fact.&nbsp; </p><p>So with that comparison in mind, the crypto folk&#039;s way of thinking reminds me of a religion.&nbsp; I&#039;d also argue that football in Brazil is kind of like a religion there.[/QUOTE]</p><p><br /></p>

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