Too many potential variables for disaster. Theft, fraud, sovereign nations deciding to defend their FIAT, absence of or increased regulation. Not to mention that for every crypto, in most cases, the outstanding “tokens” are held by a small minority of people that can control the market. This is why the SEC requires major institutional/executive shareholders of equities to report large sales of stock. This is not the case with crypto, hence the massive, unpredictable price swings. An “investment” isn’t something that is solely focused on “hope” that new buyers will enter the market to drive up the price is a asset. That is what’s known as a pyramid scheme. (New investor capital is used to make past investor’s asset returns/value increase or be made whole).
ADVICE: NEVER KEEP YOUR WALLET ONLINE TO REDUCE EXPOSURE TO THEFT. Transfer to usb stick. Store at bank in a deposit box. File the value with your homeowner’s insurance policy as an additional rider to pay for the insurance covering your wallet value. Get the coverage in writing! Now you won’t be exposed to unregulated crypto exchanges.
You shld move out the garage b4 you try and gv financial advice. I enjoy your news, but you’re a grown man. E-begging one minute thn telling ppl how to invest?
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