Bank deposits are insured to a point and serious money is kept at Fidelity, Vanguard, R/E, cash etc - far safer than banks.
Coinbase: All your base, I mean coins are belong to us
- Thread starter Pekelo
- Start date
I'd suggest looking into how safe FDIC "insurance" really is in a crisis. And you failed to engage with my actual point re: Dodd-Frank. I know someone who lost money in Cypress when they had a similar situation and things went wrong.
Dodd-Frank was about swaps, right? How is that applicable to ET traders? or can we trade swaps at retail?
But if you want to trade it (you know this is a trader's website) where else would you keep it, if even the most used broker is this scammy?
Also if 99% involving crypto and "financial innovations" are scams, it makes you wonder.... Bitcoin itself may not be a scam* but everything it touches is.
It is like, I am not a serial killer, but sure there are a lot of dead bodies in my wake.
*unsupported assumption
thing about Coinbase, fee's are outrageous. how can they sustain that?
You just asking this now ??
No one has ever lost a penny with FDIC. Folks who worry about that also have lots of canned goods and munitions in the shed
That might come in handy with real food inflation well into the double digits. But keep pushing the normie narrative. Next thing we'll hear that Blackrock and Citadel are heroic for attacking crypto and propping the fiat scam system.
Dodd-Frank had all sorts of "unintended consequences," affecting FX trading leverage, real estate funding options and other things...without going after the real culprits: the Fed and "too big to fail" banks. Bail-ins were one of many issues. That's what happens when bills that are thousands of pages get passed before they're really analyzed, as Pelosi giddily cheered on.