4 ms·
You still made his point. Those guys lost their money because they trusted a centralized institution. If you keep your cryptos in your wallet, one which you ow
by traveler01 4y ago
You still made his point. Those guys lost their money because they trusted a centralized institution.
If you keep your cryptos in your wallet, one which you own the keys, it's a lot harder to lose your money.
- system2 4y agoNot the amount of crypto, the value of crypto is the problem. Assuming you invested in Cardano or Bitcoin, now you lost 70% of your money in 1 year. Value crashes because of unknown background trading and shady chinese whales.
- InvertedRhodium 4y agoThe value of the Lira dropped by 44% in 2021 alone, and is expected to be as low as 70% by the end of 2022. So the use of fiat currency in Lebanon seems kind of on par with BTC in that respect.
- traveler01 4y agoWith the "small" marketcap of crypto, any shake in the market will lower the value a lot. Scary is seeing how big the inflation rate has been in USD and EUR.