I’d say “Don’t gamble money you don’t want to lose”. Because let’s face it, you had to have your head pretty deep in the sand to think that crypto is anything else
Any individual stock can tank to 0 as well. Enron would be a good example (fraud), though I see you at least had months to pull some of your funds out.
Hell, even an index fund won’t be safe if there’s another depression. COVID 2: this time even worse could happen at any point, for instance.
Gold might drop if we get asteroid mining going.
Bank runs can wipe out your money.
There’s no entirely safe way to store funds. Property, maybe, as long as the population keeps going up and the government is still functional.
Lol just because everything has risks and rewards doesn't mean that the risk/reward profile is the same for everything, and doesn't change the fact that most crypto trading is closer to gambling than it is to investing
I don't understand this attitude on HN. Crypto is here to stay and not every coin is the same. BTC cracked $70,000.00 this month. I remember buying it at $6.00 in '09.
