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People are afraid of missing the next Bitcoin boom and think throwing money at every ICO will turn them into overnight millionaires. It's unfortunate that the
by nxsynonym 9y ago
People are afraid of missing the next Bitcoin boom and think throwing money at every ICO will turn them into overnight millionaires.
It's unfortunate that the greed and FOMO are dragging the technology through the dirt. If you plan on investing in any ICO please do your due diligence and avoid the hype trains.
- jethro_tell 9y agoI also know a bunch of guys who sit around, smoke cigars and take side bets on the ICO Gambles they are taking. It's just straight gambling to some people.
- nxsynonym 9y agoAs far as gambling goes it's probably one of the more fun ways to spend the money - instead of camping out at a blackjack table some would rather watch the 24 price changes. Which is fine if you have the money to spend (waste). But people are getting sold on it like a penny-stock scheme straight out of Wolf of Wall Street.
- jethro_tell 9y agoYeah, that's the sad part. I have friends from my rural home town that are trying to get me to buy with them and then they link me articles by cheerleaders that are heavily invested in some company or another. Guys that tell me they've diverted their 401k to bitcoin because it's the new internet. When I remind them that everyone got smoked in the new internet the remind me that it's not the new internet and link me to another opinion piece from another cheerleader.
- quickthrower2 9y agoI'm almost a FOMO MOFO but keep talking myself out of buying coin because I'd rather learn more classic ways of making a lot of money even if it involves the dirty 4 letter word.