(Topic ID: 200502)

Somebody explain Bitcoin to me

By Pinballlew

2 years ago

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  • Latest reply 7 days ago by schwarz
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    #964 2 years ago

    Wanted to give my opinion on this thread as I read it fully. My problem with all these kind of threads is that we hear mostly about the succes stories. Some will point out they lost at some point, but mostly it is bragging how well they are doing and thatyou are stupid or at the least unedjucated if you do not also take the risk.

    My problem with that is that the less disposible income you have, the more you have to gain by entering in such a venture. BUT the more you also have to lose !!! If you have enough money to not have to worry about losing 100000 then you will not get into problems but I have seen more than one guy getting caught up in the hype and lose too much, one almost went mental and another is not with us anymore because of the loss he took.

    Everybody can warn a thousand times to be sensible about this and not use money you cannot afford to lose, but it does not work like that. It is just as dangerous as a gambling addiction. Once you won, you want to keep on winning at all cost. If you are succeptible to getting addicted quickly, threads like these could be litterally lethal. I am lucky to not want to gamble ever (went to Vegas three times now, gambled 1 dollar every time ) but the prospect of easy money is can be VERY attractive, mostly for the people that cannot afford to lose.

    Just my two cents.

    #969 2 years ago

    pezpunk : The guy that almost went mental did not even lose that much. He was not in financial trouble but he found out right then and there that his mind was rigged in a way that he found himself a loser after doing bad in exchange transactions. It affected all other parts of his life also. All is well now, but he did not know that before and so it can happen to anyone.

    I am reading these threads with much enjoyment, I just hope nobody gets in trouble because of it (and of course other influences, making decisions based on a forumthread alone is not smart anyway).

    #971 2 years ago
    Quoted from pezpunk:

    this seems like a pretty significant mental problem. i don't really think it has anything to do with cryptocurrency. how does that dude deal with buying a car, or god help him, a new computer, and then seeing the next big thing come out for a lower price the following week?

    He never had any issues. It began after the -not even so significant - loss. He went into therapy for it, and there they advised him to stay away from investments and that works. There seems to be something in some minds that make some experiences much bigger than they really are, something like people that are obsessed with getting skinny. They always think they are too fat even if they are too skinny. He thought for a while he was bad at everything and that sent him into a rather deep depression.

    What I wanted to point out is that sometimes things go bad out of your control. You do not have to be dumb or anything, things can happen.

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