> If 3k is a significant amount of someone's life savings, then they should not have put in BTC. No, they shouldn't have. But many people don't actually unders

> If 3k is a significant amount of someone's life savings, then they should not have put in BTC. No, they shouldn't have. But many people don't actually understand what a high-risk market is, and especially not one as volatile as Bitcoin. They've heard their cousin/friend/waiter made a couple thousand bucks off it, done some googling, and found several thousand people saying this is the next big thing, with fancy graphs and miracle use cases and so on and so forth to prove it. Big well-known news sources like Bloomberg talking about it, and how big well-known investment banks are interested in it. This is the end result of what lack of regulation looks like. People get bamboozled - similar to many scams, you might get tricked into losing a couple of hundred bucks and calling it a life lesson, or you might get scammed into losing your life savings and winding up in severe debt. A few people (and it's more than a few) being impacted enough to cause them to be extremely worried about how they'll pay their bills, how they'll afford to keep a roof over their head in their later years, is important. It's maybe not as important to you as widespread economic collapse, but it's nothing to pretend isn't an issue. The comment you were originally replying to wasn't talking about economic collapse - it was talking about the impact on individual people.