from Hacker News

‘I lost my life savings’ Bitcoin Collapse

by MikeAshley178 on 5/12/22, 8:14 AM with 6 comments

  • by modinfo on 5/12/22, 8:30 AM

    Always keep in your mind that the money invested in cryptocurrencies is wasted money!

    Therefore, never take credit to buy cryptocurrencies!

    Would you take out a credit to buy a lottery ticket? Probably not! It's the same with cryptocurrencies! It's your fault for losing your money!

  • by simonblack on 5/13/22, 1:12 AM

    Numbers in a computer have NO INTRINSIC WORTH.

    Their only value is what people agree upon. That's exactly the same as any other fiat currency. These 'currencies' are simply promises. Sometimes people renege on their promises. The suckers that believe those promises are what is usually called 'gullible'.

  • by mcv on 5/12/22, 8:55 AM

  • by quantified on 5/12/22, 11:27 AM

    Context would help here. “Life savings” when you’re 25 are better known as “savings” and is just being kind of dramatic. When you’re 55, “life” makes more sense and it’s more serious.