• FuckyWucky [none/use name]@hexbear.netOP
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    1 year ago

    Yea and banks too get robbed. Except that banks are insured and in the worst case they can ask the central bank.

    If you had a password to all your money wouldn’t you want to keep it safe from fire and water damage?

    I would simply won’t have all my money be reliant on a steel rod. Crypto is hot potato, buy drugs and throw it to someone else so its not your problem. Anyone holding it long term as an investment is a fool.

    • GaveUp [she/her]@hexbear.net
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      1 year ago

      Idk, if I had enough money storing a little emergency fund in a crypto wallet seems like a good idea tbh

      You can avoid the banks completely freezing on you at the request of the government/cops and you can easily take massive amounts of money across borders and untraced until you transfer back to fiat

      Definitely not useful for non wealthy people though

    • HeneryHawk@thelemmy.club
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      1 year ago

      I’ve had some for about the last 7 years. Honestly, I don’t feel so foolish when I look at they money I have in the bank VS the money I have in crypto and how much either has changed since back then

        • HeneryHawk@thelemmy.club
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          1 year ago

          This is true. I’m not advising anyone to do it. I’ve already taken a lot of my initial out and got myself some stuff

          I’m not rich, it was a modest investment that most would laugh at