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Comment by rwaksmunski | Hacker News Reader

I really hate to say it, but I have little sympathy for the victims here. They wanted a moon shot, wild west, libertarian paradise and got ... robbed with no recourse. Many more than once.

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That's the easy thing to say, but unfortunately a lot of well-intentioned people are losing money, like they did with GameStop. That's not to say I'm shedding tears for everyone losing money, but the ones that should lose it are typically not the ones it's happening to.

How are people buying in to GameStop after it has gone up by 20 times in price not "the ones that should lost it"? They're obviously just trying to get rich quick, and knowingly taking a risk to do it. Who "should" lose the money in a case like GameStop? I can't think of any scenario where it's not the people jumping in late to try to make a quick buck.

edit: Initially I vastly underestimated how much GameStop stock went up

Well-intentioned or just greedy? I'm not saying they deserved to get scammed, but let's be clear about their motives... it was greed.

Completely agree. You want the libertarian paradise, then you should accept the risks that come along with it. Personally, I'm fine with having it being the wild west, and I only invest money I can afford to lose.

> I only invest money I can afford to lose.

You mean "speculate" here, not invest.

People definitely want (and must be able) to invest money that they cannot afford to lose, at least not all in a split second.

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