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Seems like there's two ways of looking at exchanges: using it to buy/sell, then immediately transferring to a personal wallet. Or using it as some kind of inves
by testacct22 3y ago
Seems like there's two ways of looking at exchanges: using it to buy/sell, then immediately transferring to a personal wallet. Or using it as some kind of investment. I'm criticizing the latter
Wrt to the get rich quick crowd, things were fine before they showed up. They should go somewhere
- somenameforme 3y ago10 years ago I used to hold the concept of 'accredited investor' in disdain. It's largely just creating a giant paywall (or at least wealthwall) preventing lower income individuals from accessing some of the most potentially lucrative ventures. But yeah, the past ten years of seeing people decide to go buy BTC on news of "BTC reaches record high! It's going to to the Moon!" and then decide to go sell it on news of "BTC is crashing! This is the end!", and then [loudly] complain about losing money, or even that it's all a scam, has really made me change my mind and, in part, my worldview.
- Nursie 3y ago> I'm criticizing the latter I think if you remove the latter there won't be many people left playing with cryptocurrency. Which would be fine from my perspective (a lot fewer people being ripped off in what appears to basically be a huge unregulated casino). And it sounds like from yours too.