Bitcoin is bad / Bitcoin is High risk .... well what about Archegos?

[kryptqnick]

If a bank loses so much money, I wonder who's going to pay for it. Surely, banks will avoid the situation when someone fails to withdraw money or pay for something, right? But even if it does, banks aren't safe, of course. I tried to look into how they work in my country, and the data is a little confusing. Apparently, only money that one puts 'on a deposit' (basically lends the bank to invest for annual profits) is what the bank uses for investments, but there's also this thing that the numbers in a bank account don't have physical representation in the bank. I wonder how it all works relatively well under such risky circumstances. And compared to banks, hodling BTC is way safer because you actually own the money if you have the private key.

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[Dhoe]

actually bitcoin is not bad and there is no high risk, because actually bitcoin can be said to be safe and reliable, of all people who have invested in bitcoin must feel happy, because no one has ever been tricked into investing bitcoin, bitcoin risk is only a matter of price which sometimes goes up and down, only people who hate bitcoin say bitcoin is bad, and high risk..

[herurist]

Previously I never knew and didn't pay much attention to archegos but some time ago I read an article which basically when I saw the system implemented by archegos was very good and put family first. but when I looked at all the news I saw that there were two giant banks namely Nomura and Credut Suisse whose shares fell drastically due to this archegos and was listed according to The Wall Street Journal, within a few days, losses at Archegos Capital Management had triggered the liquidation of positions that were close to value. $30 billion, and this I think is absolutely fantastic.
and after that I became interested in reading articles and news related to this. and I remember the chats of my friends who suggested investing through fiat but after reading the news about archegos I am grateful that I made an investment here. because everything is of course the same risk but if you look at the feedback I think I'm more comfortable in bitcoin

[buwaytress]

I can't say how it is in the rest of the world, but in the EU, citizens' savings are only insured up to €100 000, which is, let's say, good for all those who have no more money. This is something we can say is positive about banks, although theory is one thing and practice is quite another. I want to say that on paper some things may look very convenient, but when words need to be put into action problems arise.

We can therefore ask the question of whether it is safer to have €100 000 in a bank or the same amount in a crypto non-custodial wallet? For some people, the risk is certainly too great to decide on the latter - because it is not easy to be your own bank, too many people are still not ready for such responsibility.

That's 100k per bank account though, if I'm not mistaken, so you could presumably open a new account per bank. And I've lived through one Asian crisis (late 90s) where in my country we lost about 50 banks (today there are only about 15 or so, as a result of mergers and takeovers when many independent banks crashed and burned) and my own family members were all reimbursed their losses through similar deposit guarantee schemes (our state lost ALL its banks).

It's definitely not easy to be your own bank. And far too often I've seen proof that people simply aren't ready to take responsibility for themselves. I know my own experiments with my kids have proven they're not (lost private keys haha).

[Dhoe]

if you want your money to be safe and not stolen, and there is no risk, then keep your money in the bank, but you must know, if you keep your money in the bank, you will definitely never get any profit, and your money will definitely managed for their business interests, but if you store it in bitcoin, it may be a little risky, but you can manage your own money, and habits if we keep it for a long time, profits will definitely await you.

[mrongoz22]

as long as i play in bitcoin, i have never been disappointed by bitcoin, i have also never been cheated by bitcoin, so if someone says bitcoin is bad, i really don't believe it, actually if we have been in any business, of course the risk will await us,, actually the risks we face are lighter, compared to the benefits we get from bitcoin,

[isabellel2]

In my opinion, BTC is high risk as the value increases and decreases day by day in the market and this puts some of our assets at risk. On the bank's side, they can be a stable currency like USDT which is a stable value, but if you put your savings in the bank and earn interest, over time that money will go away. value.

[glendall]

bitcoin is indeed risky if you invest here, the heaviest risk is losing your private key and being hacked  our account, but banks also have risks like in my country, there is one bank affected by liquidation, funds owned by customers do not return, I don't know. finished direction. between banks and bitcoin all are equally risky

[Zilon]

I have never trusted any bank from the unset. The go as far as investing our deposit and most times when the investment turns out to be losses the incure a compulsory charge on their customers then back it up with a customized name. I rather trust my fund in bitcoin even though it's price isn't stable but I'm sure it's more secure on the blockchain network than in the traditional banking sector

[fiulpro]

Let's be rational for a moment and guess what??
We all know that it's super volatile.
We all know that it's a high risk investment.
We all know about the price fluctuations.
But we all still choose to invest in it.
-Why ??
We are not getting such opportunities anywhere else. The fact is even if it's a high risk investment, we are making profits accordingly, that's what makes it more special.
You can always follow the market, be extra careful and at the end of the day you can nail it! All you have to do is : stay a little safe and gain a lot of experience.
I feel like people don't realize that "If they don't take any chances, they are going to be struck in their financial situation right now"
(Plus Don't regret later when the price is excessively high!!)

[AbsentMinded]

Bitcoin is great, i don't understand why you don't like it. You hate it maybe because you are not the one who can control it or because you don't own a lot of it. Bitcoin has it risks like every investment.

[teosanru]

Actually, these hedge funds claim themselves to be risky, no hedge fund has ever said that you can invest with us at zero risks, it's just that when you are investing in bitcoin you are investing in technology or an asset class that hasn't been into existence from too long. While traditional markets have been here for years. It doesn't make anything bad or good but just risky and highly risky. also if you see percentages, Nomura boasts of a total asset base of 600 Billion USD while Credit Suisse has a total asset base of more than 1.6 Trillion USD so in front of that this loss looks peanuts to me isn't it? It's just like 1% of their total AUM so I don't think it's a really big deal.

[Easteregg69]

Actually, these hedge funds claim themselves to be risky, no hedge fund has ever said that you can invest with us at zero risks, it's just that when you are investing in bitcoin you are investing in technology or an asset class that hasn't been into existence from too long. While traditional markets have been here for years. It doesn't make anything bad or good but just risky and highly risky. also if you see percentages, Nomura boasts of a total asset base of 600 Billion USD while Credit Suisse has a total asset base of more than 1.6 Trillion USD so in front of that this loss looks peanuts to me isn't it? It's just like 1% of their total AUM so I don't think it's a really big deal.

You try NEXO.

Super fast loading web page.

First "shit".. "Licensed & regulated digital assets institution

View Licenses".

If it means nothing to you. I would like to have them coupled directly with tax as goes for my stocks. Self reporting.

So I don't get caught.

[verita1]

Sometimes I think that bitcoin fixes everything. But it is possible if the money is managed properly.

For example, a collapse like that of Archegos Capital would not have occurred if capital flight had been prevented. There was a lack of control, I think. I have read that Bill Hwang, the founder of Archegos Capital, made large donations to his foundation The Grace and Mercy.

I do not disagree in donating but handling large amounts of money that belong to other people is a great responsibility, in the case of his company he had to take into account the reserves to avoid future losses.

The Archegos Capital Management boss donated technology stocks - including Amazon, Netflix and Facebook shares - to The Grace and Mercy Foundation that would be worth nearly US $ 950 million today.

https://amp.scmp.com/magazines/style/luxury/article/3134631/bill-hwang-wall-street-investor-who-lost-us20-billion-days

[Nunoluck]

Bank lend money to everyone who eligible, I think bank don't really get any risk because bank don't really care about the company will be success in the future or not, bank will still get income from the interest. I personally think that this system is not healthy, I bank and companies who lend money from bank should sharing the risk and profit, i think it's more fair. I have different point of view about bubble, I pretend bubble only happen in bullish market so when when there is a bullish market many people have very big enthusiast to buy bitcoin then make the price overvalued for short term then the bubble burst at bearish market. For me that is what I call bubble. When we see the bitcoin price chart for biggest time frame then we will know that the price is tend to rise, I think it is a proof that risk in bitcoin investment is not high. We only need to hold, sell and buy in the right time.