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Midnight Writer

(25,801 posts)

11. Old timer told me once to never invest in anything you don't understand.

Reply to dalton99a (Original post)

Sun Jul 10, 2022, 12:32 PM

Jul 2022

I don't understand crypto, even after researching it and talking to other people who claim they do understand it and have invested in it.

"Crypto" means hidden, secret. I assume the obscure nature of it is part of its design.

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Crypto plunge is cautionary tale for public pension funds [View all] dalton99a Jul 2022 OP

Play stupid games, win stupid prizes. onecaliberal Jul 2022 #1

About what it is, isn't it? So spotty, so iffy. I wouldn't touch w/ a 10' pole. NT SWBTATTReg Jul 2022 #4

Hell no and definitely not with retirement funds. The stupidity of people never ceases to amaze. onecaliberal Jul 2022 #10

I've always been nervous about these so-called uncontrolled currencies that basically, we don't SWBTATTReg Jul 2022 #2

Or when a whole crypto player corporation will - dissapear. empedocles Jul 2022 #5

Wow. How scary. Can you imagine an investor who just plugged $10K of their money SWBTATTReg Jul 2022 #6

Perhaps a successful crypto gambit, gives the fund manager some bragging claims. empedocles Jul 2022 #3

Why should they care? Taxpayers will just have to make up for it. MichMan Jul 2022 #7

$15 million in what was then a $5.5 billion portfolio Yonnie3 Jul 2022 #8

The crypto-sharks exploited many un-informed minority investors Thunderbeast Jul 2022 #9

Old timer told me once to never invest in anything you don't understand. Midnight Writer Jul 2022 #11