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Cryptocurrency discussions / Re: The impact of crypto on our lives
« on: January 09, 2024, 03:23:52 PM »
I'm one of those lucky for whom it's been beneficial. To be honest, I only use BTC, XMR and DAI, so it was a question of timing / holding (=luck?), I'm not a trader at all.
I've worked in the industry and I've seen colleagues of all kinds: some were still holding when they'd done x20, others behaved like the worst gamblers at every signal and ended up poorer and poorer, and the overwhelming majority for whom nothing much happened: not enough reserve to change their life when it went up, but not huge losses either. Some of them became very rich over the years, but I would say that it was a minority.
Tdlr: Behaviour remains the same, some people are intelligent, some are lucky, some are compulsive, etc. Crypto or FIAT (gambling, lack of skills to manage a budget etc...), we're still human.
I've worked in the industry and I've seen colleagues of all kinds: some were still holding when they'd done x20, others behaved like the worst gamblers at every signal and ended up poorer and poorer, and the overwhelming majority for whom nothing much happened: not enough reserve to change their life when it went up, but not huge losses either. Some of them became very rich over the years, but I would say that it was a minority.
Tdlr: Behaviour remains the same, some people are intelligent, some are lucky, some are compulsive, etc. Crypto or FIAT (gambling, lack of skills to manage a budget etc...), we're still human.