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A comment on Bitcoin Drops Back Below $6,000 as 2018 Loss Approaches 60%. Parent comment

Re:Bitcoin Drops Back Below $6,000 as 2018 Loss Approaches 60% by finebalance on Thursday June 28, 2018 @06:35AM (#17415674)
There was this story on bitcoin, maybe on Ars, in which they interviewed a cleaning lady who'd put just about her entire life savings into the coin when it was near, what we now realize, its peak.

Since then, bitcoin's fallen precipitously and I've personally felt plenty of schadenfreude about it, but... as with nearly every financial scam, it is rarely those who deserve it who suffer the worst consequences.

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Re:Bitcoin Drops Back Below $6,000 as 2018 Loss Approaches 60% by sacado2 on Thursday June 28, 2018 @07:28AM (#17415944)
Putting your entire life savings into one asset is always a bad idea, I thought this was a well-known fact nowadays.
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Re:Bitcoin Drops Back Below $6,000 as 2018 Loss Approaches 60% by jjkk0101 on Friday June 29, 2018 @03:55AM (#17423090)
while it is a well-known fact it is not always possible to diversify effectively due to external factors like transaction costs, legislation (e.g.: managed pension plans), not enough principal, etc.
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