2841

People also put tons of money into Beanie Babies and tulip bulbs.

2842

They also put money into crap stocks, horrible hedge funds, hunks of metal, etc. people invest in silly things but it sometimes pays off. We should have a thread about ARKK, that’s far more fascinating than BTC.

2843

Sure, but that doesn’t mean Bitcoin isn’t a stupid thing to invest in.

2844

Who can’t comprehend that people would willingly put money in it?

2845

Is it stupid if it rebounds in the future and achieves new highs?

2846

Is it stupid if you actually win the lottery?

2847

I have seen repeated comments here that talk of people getting scammed, as if they don’t know or understand what crypto is.

2848

No one is arguing that’s it’s not gambling. I don’t see the difference from GME.

2849

I think people are getting scammed and I also think people are willingly putting their money into it. I think everyone who thinks it is a scam also recognizes that some people want to put money into it.

Are you actually objecting to people calling it a scam? That’s what it sounds like.

2850

And I would argue investing in GME was stupid, too. See, lots of things can be stupid! Just ask.

2851

Then we are reading different threads.

2852

Can you point to some examples of people who think it is a scam but also think nobody is willing to put money into it?

2853

I replied to jpinards comment above. There were other similar ones.

2854

You seem really…invested…in defending Bitcoin against pretty light-weight finger pointing, head shaking, and ribbing by a bunch of silly internet nerds.

I feel like you’re two posts away from shouting HODL.

2855

Jpinard didn’t seem to argue that people didn’t want to put money into it. He argued that those people don’t know what they’re doing.

2856

I think dogecoin and the like are scams. Where it’s created, and someone like Elon promotes it to make a lot of money of quick.

I do not think the big coins are that have been established are. I think there are people working to scam others using them, but that is true of anything financial. We have been down this road though.

2857

My concern isn’t so much about losing from the price going down. I’d be more worried about actually being able to sell and cash out. There’s been a trend of exchanges being robbed (or never having the funds in the first place) and refusing to process sell orders once things fall apart.

2858

People who don’t know what they are doing implies they are being scammed and don’t know any better.

2859

Which is one of the things that keeps me out from trying it. I don’t think Ethereum is a scam, but I think there is a lot of people taking advantage of it, that scares me off.

2860

Huh? The two notions are not mutually exclusive. In fact scams can’t exist without people willing putting money into them.