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I feel that there's a type of person who invests $320,000 based on a facebook ad into something they didn't understand. I don't want to disparage them, but it
by kimixa 4y ago
I feel that there's a type of person who invests $320,000 based on a facebook ad into something they didn't understand.
I don't want to disparage them, but it feels like it was a matter of time before they lost that to some scam or other.
- gumby 4y agoThere’s a reason (really a multitude of reasons) why there are so many securities rules and laws. They phrase “widows and orphans” in that area didn’t come from nowhere.
- Grimburger 4y agoThere's a lot of securities rules and laws that make absolutely no sense though. A person can buy $1000 worth of lotteries tickets right now but doesn't qualify for sophisticated investor status so is unable to invest $1000 in a huge number of startups.
- brundolf 4y agoWith a lottery ticket you know what you're getting
- Grimburger 4y agoAn expected value of -35%?
- brundolf 4y agoYep! There's no room for smoke and mirrors. Everyone understands what the lottery is, whereas some random private startup could be totally legit or could be a total scam.
- wrinklz 4y agohttps://www.ycombinator.com/companies/stablegains https://www.ycombinator.com/companies/stablegains "Stablegains makes earning with DeFi simple and safe for consumers and businesses alike." Crypto is a cesspool. Ethical businesses shouldn't be promoting it, particularly as "simple and safe".
- lancewiggs 4y agoThey are retail investors, and there are generally very strong laws to protect them from this sort of scam. Examine that failure.