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Prof. Catherine Flick

Oh my gosh this whole article about people who have invested all their savings or who are relying on bitcoin for their kids’ inheritance is just terrifying. Some of these people are even worse off, they’ve been burned but bought back in again!! theguardian.com/technology/202

The Guardian · ‘It’s almost dirty money’: the older generation of crypto investors benefiting from the ‘Trump pump’By Jedidajah Otte
Nov 30, 2024, 07:26 AM·Public·Ivory for iOS
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Sandeha Lynch

@CatherineFlick
I remember looking into it in 2013 when it would have been just possible to buy in, and thinking I can see where this is going ... but I had a maths teacher who advised one thing - never invest in something you do not understand. Which was fair advice!

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Prof. Catherine Flick

@sandehalynch very good advice! I understand how it works and I wouldn’t invest in it still!

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Kim Spence-Jones 🇬🇧😷

@CatherineFlick @sandehalynch I think “how it works” is human gullibility and FOMO. 😜

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Michael ᚋᚔᚉᚆᚓᚐᚂ

@CatherineFlick @KimSJ It's the same in any asset bubble. There were people made fortunes in the tulip bulb bubble too - but we know how that ended.

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