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A. Get caught up in fraudulent exchange bankruptcy: 75% drawdown

B. Buy BTC on a legit exchange: 80% drawdown

Crypto is very high risk no matter what you do.

BTC is up 32% since the day before the price dropping as a result of the FTX collapse.

BTC is up 77% since the bottom of the collapse.

Crypto's value mostly comes from speculation and money laundering. It's not a safe investment. Currency is not a safe investment.

Right? I could have this all wrong, but it seems half of crypto is "banks are a scam! Screw the FIDC! I'm smart, I got this" and then... Well as the saying goes, "fuck around and find out". I'd take established markets over the wild west any day of the week

Sending a lot of money to some unregulated Internet "exchange" that was literally started a few years ago is a high risk investment (as there's a big risk that the operators will be fraudsters and/or incompetent).

Crypto is rife with fraud, which is why it's a high risk investment.