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It’s kind of like the (public!!!) shares or options companies offered before the dot com boom. Too good to be true.
by haimez 4y ago
It’s kind of like the (public!!!) shares or options companies offered before the dot com boom. Too good to be true.
- Animats 4y agoNo, it's not. This is a high risk loan. Limited upside, unlimited downside.
- thethimble 4y agoDownside is limited to your principal investment.
- Animats 4y agoYou can't be busted to below zero, unless you borrowed to make the investment.
- haimez 4y agoYou’re right, the upside is fixed at 17% and my comment wasn’t really addressing the contents of yours, but the general sense of unease I get talking to people about their “crypto positions” as if having some > 1% (often a lot more) portion of their whole net worth “in crypto” is a reasonable part of a balanced portfolio.