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    I wasted years of my life in crypto

    (twitter.com)
    681 points Anon84 | 13 comments | 07 Dec 25 12:57 UTC | HN request time: 0.761s | source | bottom
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    reenorap ◴[08 Dec 25 15:28 UTC] No.46193336[source]▶
    I worked at a crypto exchange and after I came to the conclusion that 99% of crypto was scams and rugpulls, I sold all my crypto and vowed to have nothing to do with it. It's more of a religion than a financial instrument and absolutely nothing has shown to me that crypto is anything more than a speculative gamble, basically tulips with the religious promise of a better world. The number of employees that lost money on rugpulls while I was there, but "still believed in crypto" was staggering.
    replies(9): >>46193437 #>>46193642 #>>46193767 #>>46193826 #>>46193945 #>>46194644 #>>46194858 #>>46196203 #>>46201109 #
    teekert ◴[08 Dec 25 15:34 UTC] No.46193437[source]▶
    My advice is always: Just hodl some bitcoin, but not in amounts that make you cry when you loose it.

    It's been better for me so far than normal savings accounts.

    replies(3): >>46193775 #>>46195146 #>>46195250 #
    1. saalweachter ◴[08 Dec 25 15:55 UTC] No.46193775[source]▶
    My advice is always: invest in the assets I hold, and never sell.

    It really makes the value of my holdings rise.

    replies(4): >>46194190 #>>46194424 #>>46194993 #>>46196015 #
    2. almosthere ◴[08 Dec 25 16:23 UTC] No.46194190[source]▶
    That makes sense, just treat it as a retirement account. And hope that it doesn't get cracked in our lifetime through quantum computing or alien technology.
    3. ecocentrik ◴[08 Dec 25 16:40 UTC] No.46194424[source]▶
    My advice: There's always at least one crypto scammer telling you to hold through the dip.
    replies(2): >>46198099 #>>46212987 #
    4. amrocha ◴[08 Dec 25 17:25 UTC] No.46194993[source]▶
    This is the worst financial advice anyone could take.

    For context, this is the equivalent of someone telling you to invest all your savings in the company you work for and use all your salary to buy more stock.

    replies(2): >>46195790 #>>46195939 #
    5. pavlov ◴[08 Dec 25 18:24 UTC] No.46195790[source]▶
    I think you’re missing the joke where the poster is advising others to always buy whatever he’s holding.
    replies(1): >>46196172 #
    6. WhyOhWhyQ ◴[08 Dec 25 18:37 UTC] No.46195939[source]▶
    Seems like holding the S&P bag never fails.
    7. jmathai ◴[08 Dec 25 18:42 UTC] No.46196015[source]▶
    You're correct if you own some BTC. FTA:

    > I have zero doubt that BTC will hit $1m one day.

    replies(1): >>46213039 #
    8. amrocha ◴[08 Dec 25 18:55 UTC] No.46196172{3}[source]▶
    Oh yeah, it was a joke. derp moment. To be fair it’s hard to tell with the crypto grifters sometimes.
    9. more_corn ◴[08 Dec 25 21:47 UTC] No.46198099[source]▶
    I hear there’s always money in the banana stand.
    replies(2): >>46198745 #>>46201066 #
    10. ecocentrik ◴[08 Dec 25 22:50 UTC] No.46198745{3}[source]▶
    Given the choice between a 2000 acre banana plantation and 400 bitcoin. I would choose the banana plantation with full confidence that I would get a better return from bananas over the next 20 years.
    11. kjellsbells ◴[09 Dec 25 03:54 UTC] No.46201066{3}[source]▶
    What can it cost, $5?
    12. winternett ◴[10 Dec 25 01:27 UTC] No.46212987[source]▶
    My advice... Take a time machine back to 2009-2012 & only invest %100.

    Otherwise it's too late.

    13. winternett ◴[10 Dec 25 01:35 UTC] No.46213039[source]▶
    An Ai robot named BTC will hit an Ai robot named $1m on Battle Bots perhaps...

    Totally plausible.