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this post was submitted on 04 Sep 2023
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chapotraphouse
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I'm confused. The rich and poor can bet 50k on a company? Surely you see the difference between losing 50k making 50k a year and losing 50k as a multimillionaire.
yes but if you can't afford to loose 50K on the stock market you can't afford to loose 50K on crypto
crypto currency does nothing to deal with the issue of whether or not you can afford to gamble money on it
People have bills man
1,000,000- 50,000= 950,000
50k-50k= 0
Who can afford food after that?
Affording something is just about having the cash on hand to buy it. If you can't deal with the consequences of the loss you're not really affording it no?
Even with less extreme numbers the point still stands. You're misrepresenting and or misunderstanding UlyssesT.
No that's simply not my point the actual sum we're talking about isn't the important point.
The point is that if you cannot afford to loose $x on the stock market then you cannot afford to loose $x on crypto because they are both gambling and so that legitimate criticism of the stock market is not an advantage of crypto
I have been saying afford to loose rather than afford to spend this whole time
No one is saying it's an advantage of crypto???
Where are you getting that? Who said it was?
"But the crypto peddler said this new casino is different and better because the internet and the future and jargon words and revolutionize the world "
This means it's the same old shit with a fresh coat of paint not that look at how evil crypto is compared to the stock market. No one has claimed or likely is going to claim on Hexbear that the stock market or crypto is a fair, reliable, and balanced way to make money.(for us poors anyway) I don't know why you're showing up being pedantic but also completely wrong about your pedantry. No one is making that point.