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> Others might also ask, if not for BlockFi, would he have pissed away his life savings? Wild comment to make about someone who saved up $600k. You don't save
by ktta 4y ago
> Others might also ask, if not for BlockFi, would he have pissed away his life savings?
Wild comment to make about someone who saved up $600k. You don't save up that much if you are the kind to "piss away" money. Expecting 6.5% return is not greedy. S&P 500's average return is around that
- Animatronio 4y agoHe got the money from selling his house. And 6.5% is very cunning in that it's not significantly above what a bank would offer on a deposit (7-8% and even more are available in EU at least) but it's also not preposterous like 38% available right now on Hex. So I'm guessing he thought he was smart and NOT greedy by going with a lower return in exchange for perceived safety.
- bathory 4y agoMaking it sound like you can get this rate for Euros by saying in EU is dishonest. You should mention for which currency this holds, not mention a whole continent.
- Animatronio 4y agoNot every country in the EU (27 countries) is also in the Euro area (19 countries) - some still have their own currency. Interest rates for commercial banks are probably a little under the national banks' rate, which in turn is dependent on the inflation.
- ch4s3 4y agoThat's my point. When I said, "Moreover, your comment shows the kind of hubris of someone who thinks they could never fall for any scam. " I meant that its clear the guy was scammed and the OP is being arrogant and mean.