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RE: Cryptocurrency startup Confido runs with $374M investors money

in #cryptocurrency7 years ago (edited)

Man oh man you’re preaching the gospel in this one. Too many people have FOMO, and instead of doing their due diligence, they toss their dollars on a hope and a prayer. It’s no different than giving to the collection plate on Sunday, without an understanding of the church’s financial situation, or transparency.

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The way I see it, they made money buying cryptos, and thought it will always be the same, just buy something and make 10x in a month or so. Unfortunately, many stories will end up in tears.