That's exactly right, highly developed gambling. I guess I've been doing the same to some degree with my STEEM. I shorted it on the markets a few times before I turned it in to STEEM POWER. There is only so ling before the market doesn't swing your way and not being anywhere close to a medium sized fish, I can't be taking too many risks.

People get tempted though and the psychology of FOMO is incredible. We see it all the time with ICOs . People investing on a name drop when they haven't done to hard yards reading up on the coin. I guess we'll see a lot more in the next few years.

@steampolitics that's the sad part, agreed most people are trading for financial freedom and not to buy a Porsche and it's those that get stung.

For every sell at a high price there needs to be a buyer and vice versa. I just hope people don't overstretch their budget and only play with what they can afford to lose.

I've got a young family myself so it's critical that bills are paid and there are the essentials provided for. Crypto investments allow for this but I'm always reminded that the tables can turn quickly.