Attention Economy


Tuesday, February 8, 2022

Novice Traders and Cryptos

Why are so many young people buying cryptos?
No pension. No savings. No future. No wonder we’re betting the house on crypto
https://www.theguardian.com/commentisfree/2021/nov/23/cryptocurrency-bitcoin-ethereum-buying-futures
‘Trading is gambling, no doubt about it’ – how cryptocurrency dealing fuels addiction
https://www.theguardian.com/technology/2022/jan/15/trading-is-gambling-no-doubt-about-it-how-cryptocurrency-dealing-fuels-addiction
‘I put my life savings in crypto’: how a generation of amateurs got hooked on high-risk trading
https://www.theguardian.com/lifeandstyle/2021/jun/19/life-savings-in-crypto-generation-of-amateurs-hooked-on-high-risk-trading
Social media, friends and FOMO are the most common influences on investors
https://www.thisismoney.co.uk/money/investing/article-10309099/Investors-make-impulsive-bets-FOMO-social-media-hype.html
 
It’s Hard to Tell When the Crypto Bubble Will Burst, or If There Is One
https://www.nytimes.com/2022/01/27/business/crypto-price-bubble.html 
Cryptocurrencies remain a gamble best avoided