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RE: [0067] In Years to Come, How Many CryptoCurrency Investors Will Commit Suicide?
I hope you’re wrong about suicides related to crypto currency investments. But if you are right, it’s very sad and unfortunate. I think there have been gold rushes of various kinds over the years, and it’s really true that people tend to be over-optimistic about thrilling opportunities. Your advice to avoid putting all your eggs in one basket is good advice for any investor of any kind. I hope people will realize that is every bit as much the case here.
I hope so too, but every human experience is filtered through the mind. I highly doubt many people have the mental agility and emotional resilience to handle a huge ( perceived ) loss in value of their portfolio. Economic desperation is one of the main drivers why people get into cryptos, so with that as the basis for activity, things can easily go sideways. A slippery slope at the best of times, but without the maturity, that slope only gets more slippery. Thanks for dropping by.