Re:I lost all my savings in a mistaken Ethereum transaction
by meowface on Wednesday December 16, 2020 @10:27AM
(#25443673)
Obviously putting some % of your savings into it can be rational, but putting 100% of your savings in a volatile security just isn't wise.
>That's a dumb move indeed, unless you win of course.
No, betting everything you own on red when playing roulette is still a dumb move even if you win. Sometimes you can still be lucky while being dumb, but that's it. Similarly, it's dumb to wrestle a grizzly bear on a bet, even if you come out alive and win the bet.
Re:I lost all my savings in a mistaken Ethereum transaction
by ur-whale on Wednesday December 16, 2020 @10:27AM
(#25443689)
Depends how old he is.
Re:I lost all my savings in a mistaken Ethereum transaction
by fileeditview on Wednesday December 16, 2020 @10:29AM
(#25443713)
It is always a dumb move. If you win you are just a stupid lucky person instead of just a stupid person.
It is, until said crypto triples in value. Then not so much.
Some people have been known to bet the farm on the red at roulette.
That's a dumb move indeed, unless you win of course.