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In investment, there's a basic triangle of risk, liquidity, and return. Choose two. But people are greedy and stupid. They see high return with high liquidity,
by beat 13y ago
In investment, there's a basic triangle of risk, liquidity, and return. Choose two. But people are greedy and stupid. They see high return with high liquidity, and deliberately ignore the risk. Bitcoins look like a great way to get high returns with high liquidity, and the promise of "security" based on the non-involvement of evil oppressive governments. That's a fool's game, because government is not usually the threat to your wealth. Step out of the law-backed guarantees and rich ecosystem of fiat currency, and there's basically no one to protect you from theft.