Quote from: darewaller on May 13, 2022, 07:22:55 PM

Quote from: mindrust on May 11, 2022, 05:45:23 PM

I tried to warn people but then I started to not care... Stable coins are a huge risk for the crypto space. The bigger they get, the riskier crypto becomes. TerraUSD was relatively a smaller stable coin when compared with USDT. If UST can cause that much pain, imagine what would happen if USDT was going down. I hope that day never comes but when or if it does, it will be much worse than this.

They never listen, you always try to tell people what they should avoid, I can't tell you how you could make money because if I knew it then I would be wealthy right now, but I can teach you how to avoid losing money and they never listen. They are always focused on how they could make money and rarely ever focus on how they could avoid losing.

I try my best to tell them what to avoid, and how they can spot a situation that could go south, and they ignore it for the sake of making profit. I have so many friends who bought a ton of Luna today for example, anywhere between 2 to even 10 dollars, because they believe it will recover, why take the risk though?

On average people overestimate their capabilities, the people that do not listen to your advice about how not to lose money do so because to them that possibly does not even exist in their minds, for them the only scenarios that exist is to earn a small amount of money or to earn a big sum of money, they never think about losing and this is nothing really that rare, how many people take risky decisions with their lives only to lament the outcome they got and then they tell you that they never believed something like that could happen to them? This is very common, which explains why so many people seem to behave in a way that does not seem to make sense for those that can see the dangers of their actions.