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> I sincerely feel for the people who got in over their heads. They were insufferable pricks when they were making loads and laughing at everyone else staying
by blitzar 4y ago
> I sincerely feel for the people who got in over their heads.
They were insufferable pricks when they were making loads and laughing at everyone else staying poor. Why would I give them a second thought on the other side? btw: same goes for some tech entrepreneurs too.
Remember: Be Nice to People on Your Way Up. You’ll Meet Them On Your Way Down
- cj 4y agoThe vocal people you read about online are a minority. The vast majority (99%+) of investors losing money are doing so silently.
- TuringNYC 4y ago>> Why would I give them a second thought on the other side? Because if enough of them hurt, soon the government wants to bail them out, and you and I pay for that bailout with taxes. Or perhaps the government forces the platform to absorb the losses, and you and I pay for that with higher fees in the future.
- jonny_eh 4y ago> soon the government wants to bail them out I would be genuinely shocked, and outraged, if the government bails out crypto investors. It has been common knowledge how risky that sector is.
- deleted 4y ago[deleted]
- martin8412 4y agoGovernment might go after those selling unregulated securities, but I doubt tax money will be used to bail anyone out.
- babypuncher 4y agoI think there is a far more likely third option; the government hands down crypto regulations similar to the financial regulations put in place during the first half of the 20th century.
- blitzar 4y agoHeads they win, tails I lose.