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by Sebb767 1403 days ago
> Can you really say with a strait face that you think BTC's volatility is worse than literally losing your bank account with all it's content?!

Ask Luna holders for their opinion on this matter, it seems they experienced pretty much the same thing (or holders of any other crashed cryptocoin). Bitcoin itself might not be down 100%, but it also lost a serious amount of value in the last half year. Plus, there are a lot of ways to completely loose your bitcoin, be it hardware failure or scams.

So yes, I can say with a pretty straight face that Bitcoin is not a great protection against volatility, which is what the original comment claimed.

4 comments

Why would you drag down Bitcoin to the level of the know scammer/shitcoin/altcoin Luna???
No serious person involved in crypto would keep their wealth in a coin like Luna. They will buy it for speculative purposes, but that’s about it.
Luna ≠ Bitcoin
Indeed, it would be like blaming the USD because I lost my shirt at the casino.

The problem about crypto is that all the scam coins and get-rich-quick schemes gave a bad name to that famous piece of technology.

Luna =/= Bitcoin