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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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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.
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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.

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anthonypasq ◴[08 Dec 25 17:41 UTC] No.46195250[source]▶
well i would hope so, a normal savings account has 0 risk. im not sure this is a great argument to hold some bitcoin lol
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1. mikewarot ◴[08 Dec 25 18:02 UTC] No.46195522[source]▶
Because of inflation, a normal savings account is a depreciating asset. It used to be different, but in the land of near zero prime interest, and phony inflation numbers, that's the way it sits.

Also, the risk isn't zero, just way closer to zero than that of Bitcoin or other crypto, in my opinion.