News for hackers. Stuff that matters.
Re:'I lost £400k to fake Elon Musk giveaway scam' by ReginaDeiPirati on Tuesday March 16, 2021 @06:15AM (#26474873)
Feel like it’s mostly driven by FOMO and social pressure right now. I have a friend who told me that his accountant adviced him to invest in crypto (bitcoin) “because a person that his following with his job recently purchased a Ferrari after a Bitcoin investment”.
Re:'I lost £400k to fake Elon Musk giveaway scam' by 1123581321 on Tuesday March 16, 2021 @11:34AM (#26478176)
Oh dear. Reminds me of a friend who, with a straight face, suggested I take the advice of “wealthy millennials on YouTube.”
Re:'I lost £400k to fake Elon Musk giveaway scam' by dgellow on Tuesday March 16, 2021 @12:00PM (#26478555)
What did you answer?
Re:'I lost £400k to fake Elon Musk giveaway scam' by 1123581321 on Tuesday March 16, 2021 @12:07PM (#26478664)
The Nick Young meme is probably closest to what happened: https://s3.amazonaws.com/hiphopdx-production/2016/06/nick-yo...

This person simply does not understand that anything “works” in a bull market. The next recession or cryptocurrency market pullback will be their first since they started speculating, and after that, I think their advice will be better.

Re:'I lost £400k to fake Elon Musk giveaway scam' by dgellow on Tuesday March 16, 2021 @12:24PM (#26478949)
It’s sad but true: seeing your “investment” based on youtuber lose 90% of its value in a crash is the only true way to learn how the world works.