3 ms·
Feel like it’s mostly driven by FOMO and social pressure right now. I have a friend who told me that his accountant adviced him to invest in crypto (bitcoin) “b
by ReginaDeiPirati 6y ago
Feel like it’s mostly driven by FOMO and social pressure right now. I have a friend who told me that his accountant adviced him to invest in crypto (bitcoin) “because a person that his following with his job recently purchased a Ferrari after a Bitcoin investment”.
- 1123581321 6y agoOh dear. Reminds me of a friend who, with a straight face, suggested I take the advice of “wealthy millennials on YouTube.”
- dgellow 6y agoWhat did you answer?
- 1123581321 6y agoThe Nick Young meme is probably closest to what happened: https://s3.amazonaws.com/hiphopdx-production/2016/06/nick-young-classic-meme.jpg https://s3.amazonaws.com/hiphopdx-production/2016/06/nick-yo... This person simply does not understand that anything “works” in a bull market. The next recession or cryptocurrency market pullback will be their first since they started speculating, and after that, I think their advice will be better.
- dgellow 6y agoIt’s sad but true: seeing your “investment” based on youtuber lose 90% of its value in a crash is the only true way to learn how the world works.