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One of the people interviewed portrays himself as a "seasoned investor." Seasoned investors don't place all of their chips on high-risk schemes, whether it's t

One of the people interviewed portrays himself as a "seasoned investor." Seasoned investors don't place all of their chips on high-risk schemes, whether it's trading penny stocks or crypto. Another man who dumped $600k onto the bonfire said he did so in November, months after the dominoes started to fall. Did people actually believe anonymous Internet people claiming that "now is a great time to buy" or the "flight to quality" advice?

jandrese 4y ago
Buy the dip!
- cromka 4y ago
  Yes! Go long on the garlic one, it’s the best.
  - coffeebeqn 4y ago
    Pfft sour cream and onion is going to the moon. Remember to diversify into the ranches
    - csw-001 4y ago
      Nacho best option my friend. Put your chips where it’s cheesy.
  - Zagill 4y ago
    Took me a split second to realize you weren't referring to Garlicoin ... There's a meme coin for everything, I guess
nova22033 4y ago
"Have fun staying poor" https://www.coindesk.com/markets/2021/03/03/the-decoder-have-fun-staying-poor/ https://www.coindesk.com/markets/2021/03/03/the-decoder-have...
simonw 4y ago
It sounds to me like they believed the Super Bowl ads.
Spooky23 4y ago
People get caught up in the market. Try being the guy who bought Amazon @ $135 in 1999 in 2000/1. The market was signaling to many folks that this was legit. Known investors like AnderseenHorowitz were investing. Deloitte has a practice around it. Talk if ETFs entering the market are bad. FTX is attaching itself with branding relationships with Major League Baseball. To people not getting it, it looked sort of like porn to VHS tapes back in the day. Crypto was built on Russian hackers and drug dealers, and going legit with Wall St. I was surrounded by a bunch of people who made a lot of money on crypto. I still feel like an ass for losing much of and failing to capitalize on my $100 buy back in 2010. I netted a few thousand bucks instead of.. a lot more. But on the flip side, I think I’d feel guilty for profiting over the exploitation of others had I been able to cash in.
- deleted 4y ago
  [deleted]

jandrese 4y ago

Buy the dip!

cromka 4y ago
Yes! Go long on the garlic one, it’s the best.
- coffeebeqn 4y ago
  Pfft sour cream and onion is going to the moon. Remember to diversify into the ranches
  - csw-001 4y ago
    Nacho best option my friend. Put your chips where it’s cheesy.
- Zagill 4y ago
  Took me a split second to realize you weren't referring to Garlicoin ... There's a meme coin for everything, I guess

nova22033 4y ago

"Have fun staying poor" https://www.coindesk.com/markets/2021/03/03/the-decoder-have-fun-staying-poor/ https://www.coindesk.com/markets/2021/03/03/the-decoder-have...

simonw 4y ago

It sounds to me like they believed the Super Bowl ads.

Spooky23 4y ago

People get caught up in the market. Try being the guy who bought Amazon @ $135 in 1999 in 2000/1. The market was signaling to many folks that this was legit. Known investors like AnderseenHorowitz were investing. Deloitte has a practice around it. Talk if ETFs entering the market are bad. FTX is attaching itself with branding relationships with Major League Baseball. To people not getting it, it looked sort of like porn to VHS tapes back in the day. Crypto was built on Russian hackers and drug dealers, and going legit with Wall St. I was surrounded by a bunch of people who made a lot of money on crypto. I still feel like an ass for losing much of and failing to capitalize on my $100 buy back in 2010. I netted a few thousand bucks instead of.. a lot more. But on the flip side, I think I’d feel guilty for profiting over the exploitation of others had I been able to cash in.

deleted 4y ago
[deleted]