Quote from: BitHodler on August 10, 2019, 12:21:23 AM

Quote from: mersal on August 09, 2019, 07:59:30 PM

Most get into loan traps and end their life as being poor.

That's the sad reality. Common joes aim to book large gains very quickly and therefore discard the risks involved, which is very stupid. They don't think about paying back their debt, that comes after they lost it all.

I'm not really keen on financial institutions preventing people from investing in crypto with credit, because they should also prevent them from legacy forex brokers, but at least people are protected against themselves now.

People could withdraw their credit through an ATM and then deposit the money on their bank account and then wire it to an exchange, but I'm quite sure that these people aren't that clever to think of this themselves.

Investor
- Thinks long term
- Is aware of risks involved in investing and the failure rate
- Willing to make meaningful contributions to projects (if nothing else, at least support the ecosystem within which it operates)

Common man (retail investor)
- Thinks short term P&L
- Often puts money in the wrong places by falling prey to the 'heard' mentality
- Does not think much about the projects (sometimes yes, but not always) and will sell their investment the moment they think something is going south or they've made a decent enough return

Paul
xpinvest.io