Are crypto investors stupid ?

onlinemarketer12 said:
Such a big scam in Luna project. And the top gainers in last few days is the new luna. Are majority of crypto investors stupid ? Or someone is too smart to fool people multiple times ?
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Majority of crypto investor stupid?

No of course not they are very educated people.

They have the ability to become rich fast with this scheme as retail traders and think they can outsmart a phd financial analyst with 15 years of experience working in a very big bank which is not touching cryptos at all because it's gambling...

Crypto investors are very smart people with no job generally and think it's passive income when the only thing which is passive is their bank account...
 
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Willyfish said:
Majority of crypto investor stupid?

No of course not they are very educated people.

They have the ability to become rich fast with this scheme as retail traders and think they can outsmart a phd financial analyst with 15 years of experience working in a very big bank which is not touching cryptos at all because it's gambling...

Crypto investors are very smart people with no job generally and think it's passive income when the only thing which is passive is their bank account...
Click to expand...
So you are away from crypto ?
 
It happened with other project. But thousands of other projects are running so crypto is not completely a scam. You have to filter.
 
High Risk - High Reward.

If everything was low risk, everyone would been dollar billionaires
 
Whenever I lose money on crypto I feel like an idiot, so yes. On the other hand if you don't take the shot you won't score the goal.
 
onlinemarketer12 said:
Such a big scam in Luna project. And the top gainers in last few days is the new luna. Are majority of crypto investors stupid ? Or someone is too smart to fool people multiple times ?
Click to expand...
No one is immune from losing money. Did many people have thoughts in 2008 that they were fools?
 
actually, it's not stupid, there's stupidity in the company that took out the money, they were already making money, but they wanted to defraud people, I can't tell
 
When investing in cryptocurrencies, you can win or lose money. Sometimes, it is difficult to avoid losses. They take chances and they are responsible for the risks taken.
 
Citunduc said:
When investing in cryptocurrencies, you can win or lose money. Sometimes, it is difficult to avoid losses. They take chances and they are responsible for the risks taken.
Click to expand...
That does not mean one should take chance with scam projects.
 
Yes. There is no way to beat the whales. It's heavily manipulated. Crypto millionaires on Youtube could be insiders and you'll never know.

The system in itself is a great innovation and fine for transactions, but I discourage investing, unless you're a whale yourself (Elon or Michael Sailor if you're reading this then hi!)
 
I would say that crypto investors are less stupid and more smart.
Crypto, in my view, stands for freedom of speech, censorship freedom and financial innovation.
If you allow cryptos to exist in your country you are allowing these freedoms to happen and the people who hold cryptos will be the ones benefiting from their existence.
 
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