" So “don’t invest more than you can afford to lose” is tough advice to swallow for the large group of people who are seeing the gleaming promises around crypto, but who also don’t have money they can afford to lose. They can take a big chance in hopes of the bright future they’ve been promised by an industry with a huge marketing budget, or they can risk missing out and staying in an already untenable situation.

It’s apparently easy for people to castigate those who’ve just lost everything by repeating this refrain, in the same way it seems to be easy for people to only start pointing out the “obvious Ponzi” or “clear scam” projects only after everything crumbles. "