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Well, we kinda all care. It's not that I bought an ice-cream and it was sour and I threw it away. You have to consider the absolute numbers, not just the percen
by HenryBemis 3y ago
Well, we kinda all care. It's not that I bought an ice-cream and it was sour and I threw it away. You have to consider the absolute numbers, not just the percentages (50% as you write 0.5:1). I have $100 on Binance. If I lose it, I don't really care. Someone who put their life's savings though has a much bigger problem.
Then there are a BUNCH of lessons to learn here. You kinda touch on a couple: "kid genius", "altruism guru", "bahamas" and so on. So how can we all learn from this? 1) there is no fast money?, 2) turtle wins the race?, 3) regulations are there for a good reason (in most cases)? 4) when you see athletes promote financial products run away?, and many many more..