Re:Photos of chickens, taken by chickens
by braingenious on Wednesday June 15, 2022 @02:43AM
(#31749850)
Yeah I think the people that will become homeless because of this (if you ask people somewhat like yourself that admittedly have made money on crypto) “abstract macroeconomic phenomenon” of a “dip” or whatever would agree that they maybe should not have bet their houses on this gambling game.
Thank you for your insight that since you personally expect to make money, it’s all good despite the massive losses of regular people.
Re:Photos of chickens, taken by chickens
by adfjalkfja on Wednesday June 15, 2022 @05:31PM
(#31759724)
They shouldn't have, glad we finally agree on something
Re:Photos of chickens, taken by chickens
by braingenious on Thursday June 16, 2022 @03:19AM
(#31763339)
Yeah I absolutely agree that the ridiculous gambling phenomenon that has real life costs for many people and climate costs for everybody, even if in theory I could profit from it, is bad and grown adults shouldn’t put their money into it.
I further agree that these people whose lives have been ruined would not have incurred these consequences if there wasn’t such a big culture of speculators trying to legitimize online gambling with silly and misleading rhetoric.
It won't be a good 6 months for people that bet their retirements, or houses, or savings on the stock market either. Maybe they shouldn't have done that. They are both zero sum games. Both have scams. What's the difference?
I may be pro crypto with a long position, but I still told all those around me to be weary when they were all wanting to buy the peak. None of them were interested at all when BTC was at $4k. Human nature.
Just like it's human nature for the haters to jump out of the woodwork with "I told you so" every time the market wanes, which was my point. They loved it the last go round