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681 points Anon84 | 2 comments | | HN request time: 0s | source
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reenorap ◴[] 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 ◴[] 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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saalweachter ◴[] 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.

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amrocha ◴[] 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.

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1. pavlov ◴[] No.46195790[source]
I think you’re missing the joke where the poster is advising others to always buy whatever he’s holding.
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2. amrocha ◴[] No.46196172[source]
Oh yeah, it was a joke. derp moment. To be fair it’s hard to tell with the crypto grifters sometimes.