So I recently invested $5 into Litecoin for fun. I was throwing the money away and I knew it.
Low and behold, I lost a dollar of it. So my question is, why do people put everything into this? Like, can't anyone see that putting everything you have into a volatile investment can and likely will go wrong. I'm hearing stories of people losing everything when the market is going down. Surely the majority see's it coming, but it begs the question why anyone would go all in with the risks stacked against you. I understand high risk = high reward, but people NEED a backup.