"Deserves" is a word with variable meanings. You learn early on not to touch hot stoves. Do you morally deserve to get burned if you touch the stove anyway? Arguably no, but in the other meaning of "you should've known better", you kinda do deserve it.
There's a very natural feedback mechanism to a hot stove.
When former world leaders are turning up and crypto conferences and the industry remains largely unregulated, then can you really blame people for investing?
Yes, you can. You don't have to dig very deep into the crypto world to realize that a lot if not most of the participants have are not plain ol' honest folks making a big ol' mistake giving their hard-earned savings to a slick-talking salesman. They are conscious participants in what they know to be a get-rich quick scheme. They know it is shady, and they don't care, because they think they're going to get out before it crashes. They're motivated by greed, not innocence.
You can recognize this and still support regulation of the industry. One of the big reasons you need regulation is to protect people from their own stupid greed.
Not if it was investing. But they are not investing. Investing requires restraint, calculated risk-taking, and understanding of what it is exactly that you're buying.
"yolo all in on Terra" is not investing. It's gambling.
Would you feel sorry for someone who put his entire monthly salary on a single spin of a slot machine? I certainly wouldn't.
The big problem is Tether's minting has driven the market for crypto crazy so even if you've been avoiding holding Tether for longer than it takes to transfer your assets or to buy new assets your holdings are going to be inflated by the fake money injected by Tether's money printer.
