[sacrosancty]

Nobody was ridiculed for advising people to keep their coins in their own wallet. You were probably ridiculed for saying crypto is a ponzi. But Bitcoin's and Ethereum's prices are consistently higher now than they were 2 years ago. What's the bad outcome you've been warning about that actually happens?

[Nursie]

> Bitcoin's and Ethereum's prices are consistently higher now than they were 2 years ago

Which is something that will be true until it's not. Bitcoin dropped around 25% in the last week (though is rebounding a bit this morning). It only needs to drop around 33% from the current price to break your 2 year thing. Anything is possible here (in any direction), because it's an insane market propped up by all sorts of shady bull****

[Nursie]

> Bitcoin's and Ethereum's prices are consistently higher now than they were 2 years ago

Just wanted to come back and say - today the price (Currently ~$15950) has dipped below the price two years ago (~$16100)

So that didn't age so well!

[inquirer39243]

not op but -

I do not think crypto itself is a ponzi - I think long term it has uses, but not this stupid "get rich quick" bs.

But I was laughed at for saying "don't buy crypto to make money". NFTs can genuinely be useful - but if you're using them with the goal of making money then you're using them wrong. This stupid art stuff and other general stupid "get rich schemes" have obfuscated it's actual usefulness, leaving it overvalued as all heck, and everyone scammed.

The very volatile price caused by this stupid "get rich quick" hype makes it even more difficult to actually use it.

The bad outcome I was warning about was the 80%+ drop. Even advising people to keep coins in their own wallet is commonly dismissed with "yeah but [exchange] does x differently and is too big to fail".