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by ReginaDeiPirati 1924 days ago
Feel like it’s mostly driven by FOMO and social pressure right now. I have a friend who told me that his accountant adviced him to invest in crypto (bitcoin) “because a person that his following with his job recently purchased a Ferrari after a Bitcoin investment”.
1 comments
1123581321 1923 days ago
Oh dear. Reminds me of a friend who, with a straight face, suggested I take the advice of “wealthy millennials on YouTube.”
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dgellow 1923 days ago
What did you answer?
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1123581321 1923 days ago
The Nick Young meme is probably closest to what happened: https://s3.amazonaws.com/hiphopdx-production/2016/06/nick-yo...

This person simply does not understand that anything “works” in a bull market. The next recession or cryptocurrency market pullback will be their first since they started speculating, and after that, I think their advice will be better.

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dgellow 1923 days ago
It’s sad but true: seeing your “investment” based on youtuber lose 90% of its value in a crash is the only true way to learn how the world works.
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