Luna Cryptocurrency Collapse: How UST Broke

Re:Luna Cryptocurrency Collapse: How UST Broke by im_down_w_otp on Friday May 13, 2022 @06:23PM (#31373152)

There are a variety of non-tech circles that I incidentally run in. Biking, skiing, gaming, etc. Because I'm the "tech founder" of the group I regularly get questions like, "Soooo... know of any good crypto I should invest in?"

My response eventually consolidated to, "When making an investment, don't buy things you don't understand. Because odds are someone selling it to you as an investment does understand it, and that difference in your respective understandings is their investment."

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Re:Luna Cryptocurrency Collapse: How UST Broke by throwawaymaths on Friday May 13, 2022 @07:29PM (#31373632)

That's fine advice as long as you are willing to, in the same breath, tell people not to invest in vanguard mutual funds.

Any causal investor who claims they understand those is lying, even if they in fact are a stabler, safer investment.

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Re:Luna Cryptocurrency Collapse: How UST Broke by la6472 on Friday May 13, 2022 @07:16PM (#31373528)

I agree. What the hell is NFT Stablecoin and all the other snake oils been pedaled all this time .. could not make head or tails of them.

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Re:Luna Cryptocurrency Collapse: How UST Broke by ahallock on Friday May 13, 2022 @06:50PM (#31373343)

This is spot on and how whales take advantage of retail. Or influencers dump on their followers.

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