this post was submitted on 09 Apr 2025
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chapotraphouse

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[–] fox@hexbear.net 60 points 6 days ago (2 children)
  1. Liquidating crypto they bought or mined when it was cheap to do so, and winning the gamble it would go up
  2. Taking debt and investing with the hopes of beating interest rates
  3. They don't have that much and they're doing leverage plays and getting burned
  4. They're lying and doctoring screenshots
  5. They're working in lucrative jobs in finance or similar and blowing their savings
[–] blame@hexbear.net 25 points 6 days ago (1 children)

i think a lot of it is margin which is extra risky

[–] Inui@hexbear.net 19 points 6 days ago* (last edited 6 days ago)

Its definitely this one. Robin hood is still used for its simplicity (the other more 'serious' trading apps are pretty garbage) but because they also approve hella margin for everyone.

[–] kittin@hexbear.net 11 points 6 days ago
  1. Being born into it and inexplicably assuming that meant they were smart