Meh. Investments have risk. Computer money – the main selling point of which is that there are no regulations – is an especially risky investment.
The crypto bust is no different from any other of dozens of financial schemes which have exploited people looking to get rich quick.
zero sounds right for the value of a stablecoin: it’s pretty stable.
Anybody “investing” in crypto needs to give their head a wobble. There was no commodity, no worth.
Serves them right.
I was invested in GBPx, fortunately I haven’t lost money but I was getting about 10% interest paid daily until my account was suddenly closed
I really feel for the people losing massive amounts of money but it was never a safe guarantee to begin with
He bought?
Doomp eet
I invested and I’m 64% in the red, but I’m not stupid enough to invest more than I can afford to lose, and I’m not stupid enough to adjust my life such that I’m dependent on Crypto gains for paying for essentials. Granted if one of my coins rug-pulls it’ll be pretty horrible but given that I just plan to hold for years, I would be entirely unaffected in the short/medium term. And I’m only investing in coins which are showing a very strong and reliable team. As soon as a coin shows any sort of bad press I’m out of there. And screw stablecoins.
Investments are always gambling money. The bigger the gamble, the bigger the chances of losing are. This has always been the score with Cypto right from day one. No one sane would think otherwise.
The guy who invested 2k and ended up with 500k and went back to down 300 quid only REALLY lost 1,700 as he was never going to cash out anyway.
“People who gambled lost, and are now upset”
That about sum up the headline?
Wow. Look at how many crypto bro accounts have come out to support bitcoin. Some of them with virtually no comments outside of crypto subs.
It’s almost like they have an incessant need to push bitcoins so their investments don’t go down.
I just put in £50 a month on different stuff, i dont really drink, i dont do drugs, i didn’t do any accumulators last season like i normally would so it was basically just gambling in another format.
I did cash out some of some shit coins that went up a lot that i got on early, fortunately never did anything i couldnt afford to lose, was always going to hold for a long period so really makes no difference to me.
Don’t gamble what you aren’t prepared to lose.
Crypto is just gambling but where most people are FAR more clueless about it.
I was asked to produce a load of NFT’s last year, I always looked at it with complete suspicion, too complicated, too wrapped up in bullshit ( I made them anyway, it wasn’t that much work and nothing ventured, nothing gained and all that ) 1 year ago when I originally made the NFT’s they were sold as if they’d make bank, like you would have cashed out with quite a chunk of cash. Now, obviously nothing.
I know some of the other producers involved took it a little more serious than I did and now they’re gutted. Maybe they’d already stupidly spent the money, who knows.
Magic beans
Good, fuck em. My 1080ti bricked at the start of the pandemic, but I use my pc for work and as I was WFH, had to pay way, way over the odds for a card due to mining boom.
People should read a bit of history before investing, these mania’s and bubbles are as old as capitalism itself.
If you knowingly buy into a Ponzi scheme and get screwed it’s on you
Don’t care. They know it could happen, why should I care? If anything, lol.
All this did was transfer money from poor folks to people who can tank the losses. Don’t be stupid thinking you can “invest” in this scam unless you’ve got a few hundred mil to throw around.
Everyone’s an investment expert in a bull market, right up until a bear comes and mauls them.
I’ve lost a fortune but I’m not worried. I have a stack of pixel art cats I’ve released as NFTs, I’ll be rich again in no time.
They aren’t investors, they’re gamblers, all on red or black.
Investments carry risk. Water is wet. Sun rises tomorrow.
Cryptoland was right about one thing.
Bitcoin *is* dead.
Yet crypto still hasn’t die.
Sadly.
British people have two modes when it comes to investing: “Don’t bother with the stock market, it’s literally just a casino for rich people” and “I’m going to put my life savings into this random scheme because my mate from the pub says it will pay off”
So, I bought £15 worth of Ethereum earlier this year. Within the hour, it was down by a pound. It’s currently valued at £4.
Funniest shit and £15 lesson well learnt
Crypto is just a theft waiting to happen.
Crypto is never going to work with investors being the primary buyers. They’re killing it with greed before it’s started.
Isn’t every investor who’s lost everything an amateur?
My heart bleeds for them not
Don’t see it as investment. Thought the idea of it was an alternative currency.
That’s makes me happy
I get investing in crypto as part of a portfolio, or putting a little money to see what happens.
But if your life savings are in crypto, then this is merely the consequences of your decisions. Sorry, but it’s hard to be sympathetic
Doubled my investment in the last bullrun. Could have sold for 6x my investment but got greedy then got rekt haha
I bought in 2017 – sold in November and bought back in. But tell me about how well gold is doing…
Bitcoin and its dozen or so rebrands have become cancerous, cancer is an indiscriminate disease.
Let’s start treating victims more like victims instead of moral criminals.
[removed]
The problem isn’t crypto here, it’s investing so much that losing it reduces you to sobbing. If you’re dumb enough to stick more money than you can afford to lose in crypto, you’re dumb enough to do it with shares, horses, Nigerian princes or whatever.
Why are they complaining? They got the underlying value.
Man went to Casino, bet more than he could afford to lose, lost it.
No real sympathy here. I like my boxing betting, my stocks and my crypto but I’ll never put in more than I could afford to lose and any amount put into them is written off instantly. If I lose, whatever, if I win… Great!
Realistically this bloke played a very dangerous game buying during a bullrun. He wants to be buying now, times like.this is where the real money is made.
“Buy when there is blood on the streets” as the old saying goes.
The market tends to rise and fall. Everyone always cries when there is a bear market.
Never invest more than you can lose, people must be crazy if they thought big investment firms were going to ignore and not try to push into it to either gain from it or crash it
Free the GPUs
Lol these comments. Holy shit, the psychopaths are out. On the one hand this sub complains about poverty, the cost of living and people not being able to buy a house. On the other hand, they gleefully celebrate the misfortunes of ordinary working people like this.
50 comments
Meh. Investments have risk. Computer money – the main selling point of which is that there are no regulations – is an especially risky investment.
The crypto bust is no different from any other of dozens of financial schemes which have exploited people looking to get rich quick.
zero sounds right for the value of a stablecoin: it’s pretty stable.
Anybody “investing” in crypto needs to give their head a wobble. There was no commodity, no worth.
Serves them right.
I was invested in GBPx, fortunately I haven’t lost money but I was getting about 10% interest paid daily until my account was suddenly closed
I really feel for the people losing massive amounts of money but it was never a safe guarantee to begin with
He bought?
Doomp eet
I invested and I’m 64% in the red, but I’m not stupid enough to invest more than I can afford to lose, and I’m not stupid enough to adjust my life such that I’m dependent on Crypto gains for paying for essentials. Granted if one of my coins rug-pulls it’ll be pretty horrible but given that I just plan to hold for years, I would be entirely unaffected in the short/medium term. And I’m only investing in coins which are showing a very strong and reliable team. As soon as a coin shows any sort of bad press I’m out of there. And screw stablecoins.
Investments are always gambling money. The bigger the gamble, the bigger the chances of losing are. This has always been the score with Cypto right from day one. No one sane would think otherwise.
The guy who invested 2k and ended up with 500k and went back to down 300 quid only REALLY lost 1,700 as he was never going to cash out anyway.
“People who gambled lost, and are now upset”
That about sum up the headline?
Wow. Look at how many crypto bro accounts have come out to support bitcoin. Some of them with virtually no comments outside of crypto subs.
It’s almost like they have an incessant need to push bitcoins so their investments don’t go down.
I just put in £50 a month on different stuff, i dont really drink, i dont do drugs, i didn’t do any accumulators last season like i normally would so it was basically just gambling in another format.
I did cash out some of some shit coins that went up a lot that i got on early, fortunately never did anything i couldnt afford to lose, was always going to hold for a long period so really makes no difference to me.
Don’t gamble what you aren’t prepared to lose.
Crypto is just gambling but where most people are FAR more clueless about it.
I was asked to produce a load of NFT’s last year, I always looked at it with complete suspicion, too complicated, too wrapped up in bullshit ( I made them anyway, it wasn’t that much work and nothing ventured, nothing gained and all that ) 1 year ago when I originally made the NFT’s they were sold as if they’d make bank, like you would have cashed out with quite a chunk of cash. Now, obviously nothing.
I know some of the other producers involved took it a little more serious than I did and now they’re gutted. Maybe they’d already stupidly spent the money, who knows.
Magic beans
Good, fuck em. My 1080ti bricked at the start of the pandemic, but I use my pc for work and as I was WFH, had to pay way, way over the odds for a card due to mining boom.
People should read a bit of history before investing, these mania’s and bubbles are as old as capitalism itself.
If you knowingly buy into a Ponzi scheme and get screwed it’s on you
Don’t care. They know it could happen, why should I care? If anything, lol.
Anyone for tulip bulbs?
https://www.history.com/news/tulip-mania-financial-crash-holland
All this did was transfer money from poor folks to people who can tank the losses. Don’t be stupid thinking you can “invest” in this scam unless you’ve got a few hundred mil to throw around.
Everyone’s an investment expert in a bull market, right up until a bear comes and mauls them.
I’ve lost a fortune but I’m not worried. I have a stack of pixel art cats I’ve released as NFTs, I’ll be rich again in no time.
They aren’t investors, they’re gamblers, all on red or black.
Investments carry risk. Water is wet. Sun rises tomorrow.
Cryptoland was right about one thing.
Bitcoin *is* dead.
Yet crypto still hasn’t die.
Sadly.
British people have two modes when it comes to investing: “Don’t bother with the stock market, it’s literally just a casino for rich people” and “I’m going to put my life savings into this random scheme because my mate from the pub says it will pay off”
Ahahahahahahahahahahahahahahahahahahahahahahahaha
https://www.youtube.com/watch?v=txFjWQcTCIs
So, I bought £15 worth of Ethereum earlier this year. Within the hour, it was down by a pound. It’s currently valued at £4.
Funniest shit and £15 lesson well learnt
Crypto is just a theft waiting to happen.
Crypto is never going to work with investors being the primary buyers. They’re killing it with greed before it’s started.
Isn’t every investor who’s lost everything an amateur?
My heart bleeds for them not
Don’t see it as investment. Thought the idea of it was an alternative currency.
That’s makes me happy
I get investing in crypto as part of a portfolio, or putting a little money to see what happens.
But if your life savings are in crypto, then this is merely the consequences of your decisions. Sorry, but it’s hard to be sympathetic
Doubled my investment in the last bullrun. Could have sold for 6x my investment but got greedy then got rekt haha
I bought in 2017 – sold in November and bought back in. But tell me about how well gold is doing…
Bitcoin and its dozen or so rebrands have become cancerous, cancer is an indiscriminate disease.
Let’s start treating victims more like victims instead of moral criminals.
[removed]
The problem isn’t crypto here, it’s investing so much that losing it reduces you to sobbing. If you’re dumb enough to stick more money than you can afford to lose in crypto, you’re dumb enough to do it with shares, horses, Nigerian princes or whatever.
Why are they complaining? They got the underlying value.
Man went to Casino, bet more than he could afford to lose, lost it.
No real sympathy here. I like my boxing betting, my stocks and my crypto but I’ll never put in more than I could afford to lose and any amount put into them is written off instantly. If I lose, whatever, if I win… Great!
Realistically this bloke played a very dangerous game buying during a bullrun. He wants to be buying now, times like.this is where the real money is made.
“Buy when there is blood on the streets” as the old saying goes.
The market tends to rise and fall. Everyone always cries when there is a bear market.
Never invest more than you can lose, people must be crazy if they thought big investment firms were going to ignore and not try to push into it to either gain from it or crash it
Free the GPUs
Lol these comments. Holy shit, the psychopaths are out. On the one hand this sub complains about poverty, the cost of living and people not being able to buy a house. On the other hand, they gleefully celebrate the misfortunes of ordinary working people like this.