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But that's the thing. A lot of investors in NFT/crypto doesn't see that 1% reward/risk ratio. While I do agree that crypto has an appropriate place in our finan
by slategruen 5y ago
But that's the thing. A lot of investors in NFT/crypto doesn't see that 1% reward/risk ratio. While I do agree that crypto has an appropriate place in our financial system, the way it's advertised now is just ridiculous. This is evident with the amount pyramid, Ponzi, and pump-and-dump schemes linked to a lot of crypto projects.
I know a handful amount of people who've lost a big fraction of their savings investing in crypto but in the end losing it all to a scam. Where are all these people? Probably hiding in shame. There's just too much survivorship bias in this space and criticism on this should be welcomed not shut down if it's going to be the technology of the future.
- washedup 5y agoPeople should decide for themselves. Some basic legislation (which will come eventually) will help a lot too. But investing is always risky (particularly for this space). With regards to criticism, that’s always essential, but it’s good to be critical of such extreme criticism at the same time. The author’s analysis makes it seem black and white, but it just isn’t the case.