I've lost respect for VCs that peddles web3 hard, just add sheen to random coins and get a sizable % of the float, easy money. In the past VC used to fund companies that created valuable products (mostly), this contrasts against hedge funds or HFTs who make money off arbitrage, legitimate imo but are characterised as vultures by some.
Retirees sharing altcoins tips in WhatsApp groups is going to be that scene in the Big Short where the stripper has 3 mortgages
I can beat that scene in Big Short. I was recently at Petra (in Jordan) and hired a tour guide. He told me he grew up in the caves of Petra before the government forcefully moved them out and put them in a small poor town next to it. Providing tours was how he supported his wife and 4 kids. About 30 mins into the tour he asked me if I wanted to see his crypto portfolio and showed me on his phone about 10 coins I had never heard of before.
Good story. Another one is how my friend's dad pokes fun at his BTC and ETH portfolio gains because he's in a private discord and has had the privilege of buying an NFT for 5 digits than is supposedly worth a few hundred K because there are listing on opensea for that much
Retirees sharing altcoins tips in WhatsApp groups is going to be that scene in the Big Short where the stripper has 3 mortgages