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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.

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5 points

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

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3 points

right up until the value of the wallet craters because you picked the “wrong” coin.

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2 points

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

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good luck with that i guess, not everyone was as lucky as you and no one knows if you will be lucky either.

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4 points

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

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