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Most people will not hold their own wallet. They just buy cryptocurrency through an exchange and let it sit as an "investment". They don't manage the wallet the
by sureglymop 5y ago
Most people will not hold their own wallet. They just buy cryptocurrency through an exchange and let it sit as an "investment". They don't manage the wallet themselves and don't use the cryptocurrency for transactions. They simply think this is a quick way to make money and see it more as a more volatile alternative to the stock market.
- lexapro 5y agoThis is probably >90% of cryptocurrency users. Of course it's just a guess, I wish I knew the real percentage.
- enkid 5y agoAnd then someone hacks the exchange and they lose their money and they ask "how could this happen?" But they mean that literally because they didn't know it was even a possibility.
- sureglymop 5y agoTrue. But to add to it, even if they did know more about it, they want the possibility to "exit" or "sell" quickly because they see it solely as an investment. So it wouldn't change anything.