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by dmix 3019 days ago
> I always thought the "guaranteed to go up in value" claim was silly.

So would 99.9% of people who see that ad. Everyone knows that if it sounds too good to be true, then it likely is. Especially in a paid advertisement. Modern consumers are more than well atuned to not trust every ad they hear.

If they don't see the glaring risk in cryptocurrencies, as it is constantly mentioned as being in the media nearly every time it's mentioned, or if they didn't spend a minute Googling them to see the countless headlines about it's volatility before gambling on it then I really wonder whether their money would be going to a place of value elsewhere anyway.

Otherwise plenty of people know the risk and are still willing to bet on it because it is possible to gain quite a bit from the growth. I know many people who have successfully. And many who are in it for the long term because they fully believe in the technology. And there's nothing wrong with that.