The system requires people to invest real money into it for it to work as it’s a fancy kind of recycled currency. So it benefits anybody who is invested in it to speak only in glowing terms about it to secure further investors. In short: Everybody involved becomes a sales person. It’s not Ponzi thankfully and they are functioning systems with better security than many things … but also depends completely on that security system being perfect as there’s no backup currency.
If I was actively investing? I’d put some money into them as an investment vehicle – but it would be in the “high risk” portion of my investments and not something I’d go to sleep comfortably on. But would I join? Yeah.
I think if I were still investing (I enjoyed it when I could do it and did it), I’d probably stick a healthy 10%-15% risk in various forms of blockchain. Enough to hurt but not enough to destroy. Slightly less risky growth I’d put in 3rd world countries (a lot of my investment were in 3rd world countries way back when.. and they did well), and the bulk were in indexes with a small smattering of bonds of various kinds.
But bitcoin /ethereum or whatever it’s the d’jour? I’d put something into it, just not enough to cause me to starve the next morning if it tanked.
The more someone pleads with me, “IT’S SAFE! TRUST ME!”, the more I want to walk the other way. “Buy this car! Kick the tires! Just LOOK how solid it is.”
I hope you can recover successfully. I invested before these were available but I know I would have put _some_ into it and still would. I hated when investments took a downturn. Some recover 10 fold, some just lay on the ground dying forever.
Alexander Vinnik. He’ll be the guy who you make a voodoo doll to a stick pins in, metaphorically.
uch. Well, hopefully they get it all sorted out and figure out who to keep frozen and who to release. This stuff is forcing law enforcement worldwide to up their tech game.