this post was submitted on 01 Jun 2025
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I had an acquaintance ask me about my opinion on crypto a few years ago and I explained it only has the perceived value and is highly volatile as a result, and that all but a few coins were basically rug pulls waiting to happen. He was satisfied with that and moved on. About a year later crypto had roughly doubled in value and he gave me shit about bad advice (it was an opinion not investment advice) and proceeded to move $10k into some coin I'd never heard of. About a month later a mutual friend said the other guy had lost like $8k of his $10k investment. Next time I saw the acquaintance there was no mention of crypto.
Yeah, it's like those people who fall for ads where people get rich going to the casino.
LOL they love to parade around the 1/10,000 winners and make them spokespeople for the casino for a week.
It is the way all lottery works.
You are more likely to be hit by lightning than to win the lottery. Yet people believe they will win every time.