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RE: Risk-managing in crypto. [ MEME edition ]
I agree with you over all. However, I think you bank robber analogy is not appropriate when it comes to cryptocurrency. You are implying that by investing in cryptocurrency we are doing something wrong or illegal and that there will be legal consequences.
It is absolutely true that investing in cryptocurrency is far riskier than almost any other type of investment, but it also has the greatest possible reward.
A more fitting example would be something like starting a new restaurant. It's a big risk because most fail in the first year, but there is always more opportunities for people who do their homework, have a solid strategy, and don't rush into something they don't fully grasp.
I disagree.
It's the PERFECT analogy.
Restaurant business is a known quantity..most fail, yes but enough don't.
Crypto might be a huge success but also a subnote in history books.
Again, that's just my view on it. It's a shiftsand. Treating crypto like any other business is a mistake....
I would advise you to watch one of my favorite speakers on cryptocurrency and why this is simply the natural evolution of money and finance. If you have 30 mins, watch this at 1.5 speed. You will not regret it: Andreas M. Antonopoulos
thanks a lot, man!
I always appreciate information. I will certainly watch it!
Totally agree. There's no precedent ! There's literally no other industry where you can make (and lose) so much as crypto. 100% onboard with the bank robbing analogy.