Stop saying “They shouldn't have invested more than they could afford to lose”
&gt; The New York Times ran the headline, “They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin”, describing the “newly wealthy” crypto speculators.2 “Young investors are abandoning stocks for crypto — and making millions”, said the New York Post.3 CNBC profiled a woman who “went from living paycheck to paycheck to making over $109,000 selling NFTs”.<p>And so the narrative of such news is also further boosted and manipulated by the media, poisoning the psychology of tons of retail investors. It would be better that these media organisations do not add any oxygen to these &#x27;too good to be true&#x27; schemes and survivorship bias of a few winners just for retail investors to click their ads, as they attempt to get as many suckers FOMOing into schemes like Celsius, Stablegains, etc in the first place. The media, influencers, etc are all partly to blame for spreading this as well.<p>It also isn&#x27;t exclusive to crypto. It is also no different to the SPAC craze of many failed SPACs going under, high risk options on penny stocks and other highly speculative stocks that retail investors were sucked in by the mania and dumped upon recently. There is no change in what happened of these pump and dumps and the mania of Jan 2021 other than more people losing their whole investment.<p>Yes. All of it needs to go under strict regulations. Include that for Stocks (SPACs), Crypto and Options as well.