[gregjor]

All investing is gambling. Investing in startups, with a 70%+ failure rate, is only for gamblers with a big bankroll, lots of nerve, and probably inside information.

Investing in crypto is like gambling at a game where you don’t know the rules, the house is cheating, the game can shut down (rug pull) at any time, and you can’t go to the police.

I wouldn’t advise my family to invest in startups, or to take their life savings to Vegas and blow it on roulette. I think most people know those are not safe investments. Crypto has a huge amount of hype and nonsense swirling around and since it depends on finding more greater fools the crypto scammers can take advantage of FOMO, ignorance, and what looks like the future of money.