this post was submitted on 13 Nov 2024
970 points (98.1% liked)

People Twitter

5391 readers
599 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a tweet or similar
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 1 month ago* (last edited 1 month ago)

Except that it's so incredibly volatile that from one months to the next you literally don't know if your crypto wealth will be worth twice as much or half as much.

If what you're trying to protect yourself from is runs on banks, you'de be better of with gold, works of art, even stocks (which are less volatile than crypto) or, even simpler, spread your money over several banks, ideally in more than one country.