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RE: Crypto Current Affairs—$50 Million BTC and ETH Fund Launched + Class Action Lawsuit Filed Against Kraken Exchange

in #bitcoin7 years ago (edited)

Okay. First of all, great post as usual. Now if look at the hedge funds, it's kind of risky but highly profitable means to invest your money if you want to grow it fast. If I talk about hedge funds in crypto's, then this thing is completely new and have yet to prove it's trust worthiness. But crypto in general is a revolutionary way to invest money because for last year, crypto's are providing exceptional returns on Investments, higher than hedge funds and even equity. 200% more and less, can you really believe this figure. No one ever thought that this kind of return can be earned through some way of investment.
But yeah, crypto's are subject to high volatility, one moment it is on sky and on other it is on ground. As far as seasoned traders are concerned, they are taking the huge benefits from crypto's not normal people. Crypto's have a potential to change the World and it's financial transaction system but I fear its downfall because of extremely speculative mindset of people.
Now, Kraken can be held accountable for anything. Money in the crypto's are subject to high risk and it can't even recovered once lost. So people shouldnt let it stay on exchange, and they should use a hard wallet or paper wallet to prevent this kind of situation.

All I had to say, You are inspiration to all the Steemians @firepower. Keep inspiring people with your thoughts and skills brother.

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