Small Investors Who Jumped into Crypto on FTX Say, Now What?

Re:Small Investors Who Jumped into Crypto on FTX Say, Now What? by kabdib on Monday December 05, 2022 @07:45PM (#33874217)

Mixed feelings.

Sucks to lose that much money (though he's likely young enough to recover from this loss -- I had to very nearly start over, for different reasons, at about that age).

Contrariwise, he was an idiot to make that "investment".

[ Parent | on HN ]

Re:Small Investors Who Jumped into Crypto on FTX Say, Now What? by coffeebeqn on Monday December 05, 2022 @07:56PM (#33874345)

6.5% isn’t totally out of this world. He got scammed basically. Index funds are sold to us at 8% “guaranteed” return by the wise and conservative investors. I certainly hope he can recover some of the funds from these ponzi “entrepreneurs”

Edit: also as a reminder they had plenty of big backers lending them credibility in addition to funding https://blockfi.com/investors

[ Parent | on HN ]

Re:Small Investors Who Jumped into Crypto on FTX Say, Now What? by adrr on Monday December 05, 2022 @08:01PM (#33874409)

You can do A or higher rated municipal bonds for 4% to 5% tax free.

[ Parent | on HN ]

Re:Small Investors Who Jumped into Crypto on FTX Say, Now What? by mvanbaak on Monday December 05, 2022 @08:19PM (#33874587)

> he got scammed

He put his money in crypto. That is not being scammed. Thats just … nope

[ Parent | on HN ]