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Comment by oars | Hacker News Reader

People who invest in cryptocurrency are doing just fine. They may have lost a large portion this money, but the fact they even have money to put into crypto means they are able to afford food, rent, etc.

Losing money in cryptocurrency is a first-world problem, no one is going to commit violent acts over losing their side/play money.

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Look into the /r/celsiusnetwork subreddit and see for yourself how many people mortgaged their houses and put their spouse's savings into it.

A lot of people are not fine, they just didn't feel the full ramifications for their actions, yet.

Funny I remember warning people on various reddits many months ago that there is no risk free 10-20% investment and asking where is this yield originating from. Let’s just say people weren’t very receptive. Greed is a hell of a drug

I personally know someone who lost everything to a risky investment / investment scam. Not crypto, the traditional kind. They borrowed money from friends and family, their primary residence is mortgaged, and their net worth is deep into the negative.

That you somehow believe everyone losing money to investment scams is responsibly investing only an appropriate portion of their side/play money tells me you know very little about this space.

a lot of people were fooled into putting money into "stable coins." Then they thought getting returns on it from celsius was risk free. Then they put a majority of their net worth into celsius accounts. they are "fine" by your definition but they may have lost 90-95% of their net worth.

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