Thank you for your honesty. If you wish to protect people's money, so what do you think is a good alternative to PETA to invest in?
Ive been following bitcoin since 2011 or so. I must have seen nearly 1000 BTC denominated investment instruments come and go, and I remember all of 2 that made their investors a positive ROI; ActiveMiner, which was high risk but did pan out, and SatoshiDice, even though that profit was extremely limited for investors, and mostly went to Eriks own wallet. So if you ask me now which is the third one, I dont see it yet, unless you can find ways to short sell all those junk bonds and shares.
In the meanwhile, cold wallets have grown in value ~10000% in just a few short years. I dont get why people insist on looking for maybe a few % on top of that, at a (usually) enormous risk or even near certainty of loss. I also dont get how people think BTC is even a good investment instrument. How many people try to invest their gold? A growing economy creates more fiat money, it doesnt create more gold, nor more bitcoins.
You are right but I think that for most of us it's just exciting to take that risk. I wouldn't put all my coins on an investment like this BUT I would put a couple coins in just because it might just work out, I might just win the lottery and a make a couple coins. Everything is not about Min/Maxing you know? People like the risk, people like the excitement of being part of a ''project'' but yes, if we're talking about eliminating risk/ and maxing returns, Buying Peta shares is not the best idea.
For me, just holding and waiting for a miracle got boring.. fast and i'm now throwing coins left and right on different ''projects'' and hopefully it will work out and if not.. too bad.