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Well, most people don't have any investment training whatsoever. And by "any," I mean "literally nothing." It's not something you learn in school, and it's not
by sillysaurus3 9y ago
Well, most people don't have any investment training whatsoever. And by "any," I mean "literally nothing." It's not something you learn in school, and it's not something your parents teach you.
- pedrocr 9y agoWhich is why having those people "invest" in Bitcoin is crazy and risky both for them and for Bitcoin.
- sillysaurus3 9y agoHow could it be risky to Bitcoin? Also, Bitcoin isn't investing. It's speculation. But everyone knows that.
- pedrocr 9y ago>How could it be risky to Bitcoin? By creating a bubble that bursts and drains all confidence from it. >Also, Bitcoin isn't investing. It's speculation. All the more reason for people that don't even know what index investing is to stay well away from bitcoin. >But everyone knows that. I've seen plenty of people defending bitcoin as an investment.
- sillysaurus3 9y agoWell, considering how many people got rich off of Bitcoin, they're not wrong. I disagree that bubbles are dangerous to Bitcoin. It's just the opposite: Bitcoin is defined by bubbles. I still remember selling five Bitcoin at the peak of $32/coin and feeling smug because it crashed to ~$12 after. That will happen, always. The world keeps turning. It doesn't matter if you ban it when people can participate via localbitcoins in person. So there doesn't appear to be any way for people to stop it or control it. I agree that putting your retirement money into it is a bad idea, but there's a wide range between that and putting in $2.
- Steko 9y agoMost people work at companies with 401K plans and HR goes over the nuts and bolts of the plan early on when you first can enroll and they ask questions of their coworkers who have the same program.