Stupid money is very common. They say the retail investor is the way to time market tops and bottoms. When they are piling in, time to get out. We saw this in December.

I read a post last night about one who put money into STEEM along with friends. These people put retirement money and now it is down 70%. Most left the site calling cryptocurrency a scam.

While I am a believer the system is set up to be against the masses, I can buy into the argument that people do a lot of things to themselves. The banksters have the game rigged yet people still insist on doing the dumbest things.

I was talking with a financial planner about a member of Congress who said "we have to protect the unsophisticated investor from cryptocurrency". Why do they have to do that? If one is unsophisticated when it comes to invested, do not invest.

By the way, did they ever hear of investopedia?