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I mean you could say the same things about any sort of investment that isn't risk-free (which is basically all investments that earn a return nowadays). I don't
by smabie 5y ago
I mean you could say the same things about any sort of investment that isn't risk-free (which is basically all investments that earn a return nowadays). I don't see anything fundamentally different about crypto than any other asset really.
- davidw 5y agoI can be pretty sure that a diversified set of stocks, bonds, and maybe some real estate are not an outright scam, or that someone is going to make off with all of it because the whole thing is completely wild west.
- smabie 5y agoSure, there's a higher risk profile but also the payoff can be absolutely staggering. Moreover the risks aren't evenly distributed: crypto isn't a homogenous space. The risk isn't for everyone, but those that are intimately familiar with the space and practice reasonable risk management can do pretty well. There's a reason why almost all tradfi trading firms have either already entered the space or are considering it.
- otabdeveloper4 5y agoRemember 2008? (I know, ages and ages ago.)
- ABeeSea 5y agoIf you bought stocks in 2008, you would be massively up right now.