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(The Register)   The Ric Romero Institute for Studies reveals that young men do truly stupid things   (theregister.com) divider line
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    More: Obvious, Finance, retail Bitcoin buyers, Foreign exchange market, working paper, retail investors, Justin Hughes, Analysis of blockchain data finds, Investment  
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591 clicks; posted to Business » on 16 Nov 2022 at 1:54 PM (19 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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Sorelian's Ghost [TotalFark]
2022-11-16 10:29:18 AM  
"[A]pproximately 70 percent of customers lose money every quarter and on average 100 percent of a retail customer's investment is lost in less than 12 months," he wrote [PDF]. Stronger forex regulations [PDF] arrived two years later.

But that 100% is just the average so INVEST IN DOGE COIN!!!!!
 
Phil McKraken [BareFark] [OhFark]
2022-11-16 2:06:13 PM  
Nobody buys crypto to get rich. Everybody buys crypto so they can sound smart and superior.
 
OccamsWhiskers
2022-11-16 2:11:47 PM  

Sorelian's Ghost: "[A]pproximately 70 percent of customers lose money every quarter and on average 100 percent of a retail customer's investment is lost in less than 12 months," he wrote [PDF]. Stronger forex regulations [PDF] arrived two years later.

But that 100% is just the average so INVEST IN DOGE COIN!!!!!


Not everyone needs daddy regulation protections - I'm crushing the market. Took me 15 months to lose it all.
 
ssaoi
2022-11-16 2:43:14 PM  
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They store bitcoins with their condoms?
 
DaMannimal
2022-11-16 4:21:25 PM  
This happens every cycle as more people like in logarithmically.  This is also first time it broke support of last bull market top due to the economy.

Sounds like regulation is right around the corner (as much as a lot of the community hates) but that means big players will be more willing to hop in (especially after the FTX - Sequoia fiasco - watching the gold standard VC company lose money gotta make them all weary)
 
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