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by randrews 1431 days ago
I have a hard time believing that anyone actually falls in that category. No living grandparents who remember the great depression? No memories of 2008? And even if they were in a total vacuum, why wouldn't it occur to them, as it did me, to ask "what makes the line go up?"

If people put X USD into buying Bitcoin, and then can sell that Bitcoin for Y USD, and Y is greater than X, then the extra money has to come from somewhere. Where? Without knowing that answer, even before I knew the first thing about blockchain or crypto, I was unwilling to buy any.

I don't care who in your life was lying to you or pressuring you to invest, anyone who got suckered in without asking that basic question should have done more due diligence.