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by locallost 1188 days ago
They do. Everyone knows they get the money only if the wind otherwise they lose it all. Most underestimate the "house always wins" factor, but that's not the point here.

Crypto advertises with FOMO on a new world. It's "everybody is doing it, don't be a sucker but a winner in the future", and not "this is a risky asset where you might lose everything".