Comment by dylan604
10 days ago
> It seems to be used exclusively by smart people as a means of extracting wealth from people who don't understand it.
How is that any different from other financial markets? A fool and his money are easily parted, while targeting desperate people with get rich quick schemes are also an easy play. The crypto/stocks/etc are just different tools to achieve the same result.
> How is that any different from other financial markets?
It's unregulated.
Although to be fair, it seems everything else is going in that direction too (https://news.bloomberglaw.com/esg/doge-targets-sec-next-for-...)
Please try and think for a second. You're telling me you can't see the difference in investing in a S&P ETF vs. crypto investing? Really? There is no difference there for you?
you just put bumpers on it to make a smart ass comment. Investing in the S&P is not the only way to invest with stocks. People trying to take money from people are not peddling S&P investments.
In every market down turn, those that are not wealthy end up having to sell of stocks to stop the bleeding. Those that are wealthy increase their wealth by buying up what the others are selling. The concept of a forced market crash is not unthinkable. Especially the current situation. Those that are friendly to the current administration are about to be greatly rewarded.