this post was submitted on 08 Jul 2026
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In my opinion, these are the exact types of people who would fall into crypto and NFT scams. The guy sounds like a desperate working class person wanting some money. The lavish promises of absurdly high profits are usually what keeps these people gambling their money away on the capital market. Do not use the capital market for gambling and be conservative with risk. For a private person it is not worth it. IMHO.
You absolutely shouldn't be borrowing money. The stock markets are ok as long as you have some realistic expectations and you don't overextend. But people always over extend.
Yeah my brother-in-law was a bit like that. Is fortunately grown a brain since they got a kid.
I have no idea why he believed that he would be able to get free money somehow. That's the one thing life teaches you is there is no such thing as a free lunch and if somebody is trying to tell you there is then they're trying to scam you. Or they're just stupid.
It's exactly the same with pyramid schemes, the people who can afford to be in pyramid schemes are generally savvy enough to not get involved in them. It's only the people who find life to be eternally difficult that seem to be convinced by them.
Yeah when you're struggling and you realize the only thing between you and the preem life is like 10 000 dollars startup capital
Not saying the game can ever be won, but just speaking logistically, low and slow is a better bet in the long term
I mean unless you're rich ofc
That's bc some people made it big on a chance, and others hopped on the bandwagon. I made a little in crypto, even after some losses, still came out way ahead. Took half the gains bought others. Let it sit. Not everyone is/was so lucky.