Quote from: SquallLeonhart on May 24, 2021, 04:21:02 PM

Quote from: Zoe Saldana on May 22, 2021, 04:24:46 AM

Starting in the mid 90s day trading became a big thing. Many went broke, some killed themselves, some killed other and then killed themselves.

I really do not believe that to be that much true. I mean yeah there were some people who commit suicide, even during this fall there were a few that I heard, but people are forgetting the number versus the total number. There must be millions of people who lost money and under 10 people who killed themselves, that is not really a bad number if you ask me in a bad situation. Sure we would rather have that number to zero but crypto can't be considered the cause or even the problem here, there are millions that do not kill themselves maybe the people who did should be checked a bit more carefully.

One I heard was a real estate agent who sold a house of someone's, and instead of transferring the money he put it on leverage so he could make a quick buck before he transferred and got liquidated so he killed himself, does that really feel like a crypto problem? Or a greed problem instead?

Read:
A study in England showed that almost 80 percent of day-traders lose money.
https://www.barnettandcompany.com/2020/08/03/party-like-its-1999-the-return-of-day-trading-and-its-impact-on-the-markets/

https://www.financemagnates.com/forex/analysis/new-study-shows-just-how-unprofitable-day-trading-is/#:~:text=Researchers%20found%20that%203%20percent,making%20more%20than%20minimum%20wage