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Same. I lost a small but nonzero amount when a fraudulent crypto exchange went bust. There's a reason FDIC protection exists. This is going to be unpopular, but
by tachyonbeam 5y ago
Same. I lost a small but nonzero amount when a fraudulent crypto exchange went bust. There's a reason FDIC protection exists. This is going to be unpopular, but the value proposition for cryptos isn't there yet IMO. It's either "get rich quick" or "buy drugs online". It really isn't "convenient way to transfer money" yet. I'd rather invest in companies that are actually doing something useful. The value of those seems generally less likely to evaporate overnight. Why would I want to own dogecoins when I can own shares of companies that are changing the world?
- bgroat 5y agoYou're forgetting the immense riches that can be made in cybercrime!
- NoGravitas 5y agoThe ransomware market has been booming lately.