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Crypto currencies != a way to get wealthy fast. It's an alternative system that helps people store value. >>take away retail and these coins will have much mu
by malikNF 4y ago
Crypto currencies != a way to get wealthy fast.
It's an alternative system that helps people store value.
>>take away retail and these coins will have much much less demand
I was talking about people who don't do due diligence and get caught in scams. Are you implying that retails is somehow the only ones that get duped by scammers like Sam Bankman-Fried ? There's plenty of people in retail who have done better than some so called institutions both in the crypto currency markets and the stock market.
Plenty of people in the crypto currency space were not so quick to trust that conman Sam Bankman-Fried. Many were even warning about him.
p.s Not everyone wants to take part in crypto currency markets to get rich fast. There's plenty of legit reasons for people to be in these markets. Its the get rich quick crowd, the scammers like Sam Bankman-Fried and the folk sitting in the sidelines critiquing it without offering a better valid alternative who are actually the problem.
- MrMan 4y agoinstitutions dont lose at the same rate that even smart retail traders do, its a cold fact. the idea that crypto exists for reasons significantly other than speculation seems hopeful in the extreme given all the overwhelming evidence. maybe someday!