I’ve got a close elderly family member who’s recently gotten fixated on investing in crypto, watching all the YouTube videos on the subject.
I don’t know enough about it to confidently say they’re going to lose all their money, I’ve never looked into it because it just screams get rich quick scheme, but I don’t have high hopes for them.
I don’t know enough about it to confidently say they’re going to lose all their money
It happened to my relative. They didn’t lose everything, but they lost enough that they’re shopping for a mobile home for retirement, when they previously could have bought a small house.
I might actually suggest this to that relative. They’re close to retirement and I believe are planning to put a percentage of their savings into BTC which has me apprehensive, but starting out with just $50 here and there to get a proper feel for it seems way less high stakes for learning.
I’ve got a close elderly family member who’s recently gotten fixated on investing in crypto, watching all the YouTube videos on the subject.
I don’t know enough about it to confidently say they’re going to lose all their money, I’ve never looked into it because it just screams get rich quick scheme, but I don’t have high hopes for them.
It happened to my relative. They didn’t lose everything, but they lost enough that they’re shopping for a mobile home for retirement, when they previously could have bought a small house.
I put $50 out of random paychecks into BTC.
It’s done pretty well and I’ve bought a few toys with the profits.
I might actually suggest this to that relative. They’re close to retirement and I believe are planning to put a percentage of their savings into BTC which has me apprehensive, but starting out with just $50 here and there to get a proper feel for it seems way less high stakes for learning.