3 ms·
>I'm probably the type of investor whom people will point to as an example of an ethereum bubble (someone who knows little of the technicals behind ethereum, bu
by MSM 9y ago
>I'm probably the type of investor whom people will point to as an example of an ethereum bubble (someone who knows little of the technicals behind ethereum, but is in it 'for a quick buck').
I always see "traditional" investors point to this and say "How could you possibly invest money into something you don't fully understand?"
I'm personally not invested in crypto at the moment but I can understand the draw- my response is this: When you look through your 401k, how many of those companies are even recognizable? If I were to ask extremely basic questions about any of their financials, could that person speak to them? The answer is almost unanimously "No", but it's completely accepted (beyond accepted really, it's pushed on you) to invest into companies that people don't fully understand, yet shamed if someone takes a gamble on crypto.
- a_c_s 9y agoIt would also be unwise to fill a 401k with a handful of stocks because a friend of a friend recommended them. That's why the general advice is for people to fill their 401k's with a few index funds (and chasing average market returns) rather than trying to get lucky by picking the next FB, AAPL or GOOG.