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I find it odd how so many of the comments here are attacking Bitcoin, other cryptocurrencies, day-trading, and other forms of gambling/speculation/investing. I
by hirvi74 5y ago
I find it odd how so many of the comments here are attacking Bitcoin, other cryptocurrencies, day-trading, and other forms of gambling/speculation/investing.
It reminds me of a quote from some comedian I heard many moons backs that went something like:
> It's funny when you quit drinking -- people always ask you, "Why did you quit drinking?" or "How come you do not drink anymore?" But why does no one ever ask why you drank in the first place?
That quote seems to lineup well with various discussions in this thread. What causing more and more people to go down this road? Personally, I think this is a subtle, yet massive, cry for help.
It seems like this is the only way out for so many people(or so they think), and that is what breeds the cult-like mentality. I wouldn't care about investing as much as I currently do, if my future did not literally rely on it. I do not make enough money that I can throw my money into a savings account, and it will be enough to retire on. I only have one choice if I want to retire one day, and that is to invest. I am mainly an index fund investor, and I still fear that even that is not enough.
When you are, more or less, forced to live in a rat-race, your only options are to traverse the maze and hope the cheese is still there if/when you make it to the end. And if that is case, I don't blame the other rats for trying to chew and naw their way attempting to escape/shortcut the maze.
Do I invest in cryptocurrencies? Yes. Do I believe in any of them have true utility or provide solutions for real problems? No. I invest in them because I find it a fun little game. I am not going to get rich on them or anything, but it gives me something to do when Fantasy Hockey / NHL is in its offseason. I can see why people get high on the 'hopium' though -- there isn't much to be hopeful for anymore.