[spaceman_2020]

Because you’d have to be a real dumbass to actually put your life savings in crypto.

When I first bought crypto, I put in just enough that if I were to lose it all, it would mean one vacation less and a fewer more meals at home for a few months.

The returns are absurd enough that a $10k investment can be life changing. Anything beyond that is just greed and stupidity.

[sp332]

>Because you’d have to be a real dumbass to actually put your life savings in crypto.

Not all the scams are that obvious. Once a company has a lot of money, it is assumed they have some stability. Celebrity endorsements don't hurt either. There were even stadiums named for the stuff. And Stablegains said in large print that the investments were diversified while the small print said they were putting everything into Luna and would diversify later.

[randomhodler84]

$10k can’t even buy a car. I don’t know where you are in this crazy world but where I but $10k isn’t life changing, it’s more like a month of fancy dinners.

I guess I’m a real dumbass. :-)

[mellavora]

he said the *returns* can be life-changing, not the investment.

some people 100xed on crypto

[randomhodler84]

Some even did better than that ;-)

My life is completely unchanged. I still work everyday.

[puranjay]

I work everyday too. But not having debt and enough cash cushion to do nothing for years gives you a sense of freedom and confidence that can help you make life changing decisions.

[randomhodler84]

True. I was able to make riskier investments knowing that I would be able to eat if things went badly.

I’m just waiting for the collapse of civilization now myself.

[puranjay]

most who were active during 2018-19 before the current run 1000xed. Many lost 80% of that but are still wildly in profit.

Most of the good traders I know managed to cash out 30-90x. All within two years.

[gowld]

For a lot of people, losing $10K is life-changing

[postalrat]

$1.50 can also be life changing when someone does something stupid over it.

[nonamenoslogan]

Ahh, I see you just watched "Web of Make Believe" too.