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> and are sold to poor people the same way lottery tickets are. Crypto has never been heavily marketed to poor people. They don't have the capital to buy in at

> and are sold to poor people the same way lottery tickets are. Crypto has never been heavily marketed to poor people. They don't have the capital to buy in at any meaningful scale. The lottery ticket appeal is that you might win $10k or $1m off of a $1 or $2 ticket. There is no mass scale marketing effort pushing $1/$2 of Bitcoin or Dogecoin to poor people with that con-pitch. To this day poor people have barely any stake in the crypto world. For crypto, the lottery players are the small contingent of middle class persons that bother with it (which still isn't very many). Actual lottery tickets on the other hand, are prominently marketed to poor people all over the place, front and center in many common stores. Walk into an average convenience store or liquor store, you're telling me they have a large display of dozens of cryptos with updating price quotes appealing to poor people about how big the prizes are and how they can win a million dollars with a $2 ticket? Nope.

alex504 5y ago
They are marketed to people in my experience who are relatively poor. I know a guy who has a problem making rent who has all of his savings (about 1k) in dogecoin or other gambles like individual stocks. I have also met a ton of service people like bartenders and waiters who are involved in crypto. I have also met quite a few software engineers who are not poor but don' have nearly the level of wealth of the people manipulating these markets who have gotten involved with this stuff. These people aren't poor but relative to the scammers they are, and when they lose money in hurts. I know one engineer for example who lost his life savings on some alt coins in this mid thirties.
joshuahaglund 5y ago
I know liquor stores with crypto ATMs with displays. If you log into paypal, you can buy crypto. They're absolutely marketing to people with not much money.

alex504 5y ago

They are marketed to people in my experience who are relatively poor. I know a guy who has a problem making rent who has all of his savings (about 1k) in dogecoin or other gambles like individual stocks. I have also met a ton of service people like bartenders and waiters who are involved in crypto. I have also met quite a few software engineers who are not poor but don' have nearly the level of wealth of the people manipulating these markets who have gotten involved with this stuff. These people aren't poor but relative to the scammers they are, and when they lose money in hurts. I know one engineer for example who lost his life savings on some alt coins in this mid thirties.

joshuahaglund 5y ago

I know liquor stores with crypto ATMs with displays. If you log into paypal, you can buy crypto. They're absolutely marketing to people with not much money.