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I work in a software firm. Last autumn half of my team was "investing" in cryptos. People who never traded before, who didn't knew what a bid or an ask was, and
by 21 8y ago
I work in a software firm. Last autumn half of my team was "investing" in cryptos. People who never traded before, who didn't knew what a bid or an ask was, and who complained to me that exchange interfaces were terribly complicated. Some of them were mulling breaking their 401k (or whatever the term is) so that they could invest the money here.
In January they were saying to me "it's not a loss if you don't sell, right?" Literally 0 financial education.
- hyprCoin 8y agoWhat's the problem here? That software devs were investing in a potential future? That they were getting wrapped up in hype? I bet these new investors learned quite a bit about markets and will be a little more knowledgeful when it comes to negotiating equity.
- gammateam 8y ago> People who never traded before, who didn't knew what a bid or an ask was and the more amazing thing to me was that they also didn't even want to know the markets were moving too fast to learn anything, too fast to learn about the history, too fast to put any asset under scrutiny because there is another shiny new thing to trade with a cool name and interesting founding team or as the ZCash employees and fans are programmed to say "the math is interesting and the cryptographers are highly regarded so--" THAT HAS NOTHING TO DO WITH THE CRYPTOCURRENCY TRADERS