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Same, and I often wonder if people want to start some kind of scam. I mean the reality is probably that investing in crypto is much riskier, has probably a much
by blablabla123 5y ago
Same, and I often wonder if people want to start some kind of scam. I mean the reality is probably that investing in crypto is much riskier, has probably a much lower expected yield than say trading with (covered) derivatives. But I also think it has to do with some kind of FOMO. Everybody knows someone who knows someone that got a ridiculously high return on investment because they bought the stuff 10 years ago. On the other hand it's possible to buy very well-understood derivates today with equal chances on public companies.
> It’s the same people who go spend too much at casinos
YMMV but my experience is actually the opposite. I.e. rather the gambling types actually buy derivates and everybody else considers buying crypto or has already done so.
- epolanski 5y agoI mean, if you invest in crypto to make money, you're merely betting someone else will give you more money than you paid. And that person in turn is thinking the same. How can this work forever? It's a zero sum game. There's no value being created or dividends being paid.
- landemva 5y agoValue is being sucked out of traditional finance. Value is being sucked out of other stores of value such as gold and silver.
- syspec 5y agoI agree with you, completely. However, I'd love to hear your answer to the rebuttals "how is that different from regular stocks (sans dividends)?"
- deleted 5y ago[deleted]
- tata71 5y agoYeah, GP's circle seems at least mildly privileged..
- bhouston 5y ago> I mean the reality is probably that investing in crypto is much riskier, has probably a much lower expected yield than say trading with (covered) derivatives. For now it isn't, because it has been going up and to the right for quite some time. But the music can stop at some point...