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RE: My thoughts on government regulations and cryptocurrency
You can’t always blame people new to space. You get someone new to crypto, go to YouTube and watch some videos and half the people are telling you all this money they have been making on Bitconnect over past year and they have 100k followers, then u don’t think you’re making a gamble when you buy in because you are new to space.
Ignorantia juris non excusat. If you are gullible enough to bet the farm on a youtuber, you probably deserve to lose your money. Getting into any investment solely on the advice of others, especially when large amounts of money are concerned is dumb... Nobody, not even the all-powerful government can protect people from being that dumb.
I wasn’t making an argument supporting that, just stating what actually happens. At the same time there are very reputable youtubers that make solid crypto content teaching everything from chart reading to analysis of companies and interviews with their CEOs. It’s also not one youtuber, back in December it was like half the crypto youtubers shilling Bitconnect.