1) I didn't say sports betting is random. I said that if you want a 10x - 100x upside in sports betting, you'd have to place your money on the player almost surely to lose. As in, 99 people betting against that player versus just you. Those odds are not comparable to crypto.
2) I agree. Cycles are unlikely to continue forever. Doesn't mean there can't be still some to come. Time will tell.
3) There's tokens with actual utility, but most have none.
There's no need to go into some kind of anti-crypto mode. I wasn't selling crypto. I was explaining the dynamics behind it being asymmetrical.
I appreciate that, sorry if I got.. er.. pitchforky.
Coming back to (2) - what I mean is that it's unclear to me if there's ever been a bear or bull cycle in that market in reality. It's such a short span of time that you could still, even now, be in the tulipmania phase of a speculative frenzy that hasn't yet run it's course (and I'd argue that is the case for a bunch of reasons).
2) I agree. Cycles are unlikely to continue forever. Doesn't mean there can't be still some to come. Time will tell.
3) There's tokens with actual utility, but most have none.
There's no need to go into some kind of anti-crypto mode. I wasn't selling crypto. I was explaining the dynamics behind it being asymmetrical.