[halfmatthalfcat]

Almost guaranteed? If one put all that money into S&P indexes instead of coin, they'd be up 20% versus betting on crazy coin returns.

Most people aren't equipped to handle the volatility of the coin market and most people don't understand that you don't actually lose until you realize losses. Therein creates almost more guaranteed stress than actually making money, as we're seeing now with all the bag holders from the past couple months getting destroyed.

[52-6F-62]

Traditionally, poor people did not have the means or access to invest money in an index like S&P.

Most people also aren't equipped to see their savings reduce in real value every month. This is a global phenomenon, not one isolated to first-world subdivisions.

You seem to be mistaking my seeking the reason why people might do what appears [to you and many others] to be such a wildly irrational thing to do. I'm arguing it's not irrational in their case, but one of the most rational things one can do as someone without much means when faced with the ready alternatives. It becomes no surprise.