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I wasted years of my life in crypto

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681 points Anon84 | 1 comments | 07 Dec 25 12:57 UTC | HN request time: 0s | source
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phplovesong ◴[08 Dec 25 10:07 UTC] No.46190528[source]▶
The original promise of crypto was lost a LONG time ago.

Instead of being a true rival to FIAT, it became a thing with a toxic-as-hell commumity, fraud, and basically its nothing more than a high risk stock. The risk is NOT only "will this go up or down" but you have a high risk of being robbed, as have happened to millions of people.

Maybe there will be a better alternative in the future, but right now bitcoin is not it.

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l___l ◴[08 Dec 25 11:36 UTC] No.46191119[source]▶
> its nothing more than a high risk stock

Nothing more? Proof-Of-Work wasn't innovative?

With fiat you have high risk of losing 50% of USD's purchasing value within 2 years, which already happened, and which is not far from being robbed, as have happened to millions of people too.

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phplovesong ◴[08 Dec 25 14:11 UTC] No.46192396[source]▶
Sure, but if i have investments they cant be stolen, and if they are im pretty much compensated (given im not straight up giving my account away, hell even then there is usually a 24h window with a limit on withdrawls).

Bottom line is no one takes responsibility in the world of bitcoin.

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1. gametorch ◴[08 Dec 25 14:29 UTC] No.46192610[source]▶
You can buy an ETF that wraps spot crypto and get all those guarantees you name in exchange for a small fee.