I'm sure some don't have integrity just like some normal brokers, think of Storm financial for example, many other so called 'normal' brokers/financial places have conned the public aswell, it's not just 'crypto' joints. I've used Coinspot before for Bitcoin, had absolutetly no problems, instant sale and buy, no waiting for order to go through, i've also used IG but they are a derivative. Even when i was first hunting for a cfd platform i had to look into them, i went with IG for starters, you can read their books and policy, during the GFC they lost $15mil from memory, wasn't much in the scheme of things. Currently i'm looking into Crypto.com, 10 million users. I think many cryptos could go to nothing, i'm not involved in any NFT's, the two i focus on are the two most mainstream traded/used, Bitcoin and Ethreum although have never have Ethreum, i don't need to use other coins used mainly on the dark web for illegal activities, no-one intelligent and with a need for such illegal activities use Bitcoin anymore either, they moved on to greener pastures long ago, look a t McAfee for example, they still can't find any assets he may have or may not have had, they knocked him off too.
You have to research your broker/fund before giving them money, people that researched Madoff knew he was a con man many years before the authorities caught up with him and the reality of that is the authorities didn't actually catch him out the GFC crash caught him out, crashes are good, not only do they catch out intelligent con men and expose them but they create opportunities for capatalists and punish bad decision makers and high risk takers which is how it should be rather than bailing out those that should go bust because they got it wrong. Failure shouldn't be rewarded, success should be.
At the moment there isn't al lot of regulation but with blockchain and the ledger theres not a lot of point for too much or any centralization, the idea is to get away from centraliazation as that removes control by a few and the control moves to the people for the people rather than for the elites and bankers which currently control the world and the people.
It's all about possibilties at the present time rather than probables.
The MSm also rants and raves and pushes fear porn about the volatility of Bitcoin and/or cryptos..... Yes they can be volatile, just the same as anything new and just like many shares, Amazon for example fell 90%+ at one stage many years ago, ADO fell over 50% not so long ago, many shares fall 50% or more at times, Crypto or Bitcoin is no different especially at this early stage in the cycles. Once you realize this you may start to question the MSm dowmramp narative, also as Bitcoin becomes more mainstream and more people use it and it is accepted and used in more places (not meaning mining) the volatility will fall, even the commonwealth bank allows bitcoin now i think in some limited fashion.
For the first time in our life Marum there is a tech that can replace the banking system and monetary system, it's finally a POSSIBILITY, whether it's probable is for you to work out, whether it actually happens is yet to be seen but one things for sure, it has every quality needed to displace and dispose of it. Theoretically It's better than Gold and silver as it's easily divisible and transferable, the only way to stop it is to turn the internet off.
China bans it, it's people still use it and trade it, just because countries ban mining doesn't mean they've banned owning it.
It's in it's infant stage and i will continue to watch how it evolves, fund managers like Dailio, billionaires like musk all have Bitcoin, they must think it's safe, 80% of Bitcoin owners have never sold it.
I will be buying the dip and holding for the long term, i won't be putting 50% of my wealth in it, just some, maybe 5% or 10%, if in time it goes to nothing it won't really matter at those levels and some of that will be free carried anyway with profits already aquired.
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