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681 points Anon84 | 3 comments | | HN request time: 0.001s | 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.
replies(9): >>46193437 #>>46193642 #>>46193767 #>>46193826 #>>46193945 #>>46194644 #>>46194858 #>>46196203 #>>46201109 #
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.

replies(3): >>46193775 #>>46195146 #>>46195250 #
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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ecocentrik ◴[] No.46194424[source]
My advice: There's always at least one crypto scammer telling you to hold through the dip.
replies(2): >>46198099 #>>46212987 #
1. more_corn ◴[] No.46198099[source]
I hear there’s always money in the banana stand.
replies(2): >>46198745 #>>46201066 #
2. ecocentrik ◴[] No.46198745[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.
3. kjellsbells ◴[] No.46201066[source]
What can it cost, $5?