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It is that, sort of, it has no intrinsic value. It is a function of pure demand. Hyping it results in demand increasing and therefore causes increase in prices.
If demand drops, the price drops. Fear causes volatility because there is no "floor" under the price. There is no point at which fundamental value shores up price.
There are three choices:
1. Sit it out
2. Get pumped and dumped (speculate)
3. Do the pumping and dumping
The choice is yours. I think the people who make choices 1 and 3 agree with you. the people who make choices 2 and 3 will not say they agree with you.
If you wish to save the people who make choice 2 from bad choices, I suggest you also post about cholesterol, smoking, excessive alcohol consumption, driving without a seat belt, etc, or not, as you please.
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