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RE: BREAKING NEWS: Ether Flash Crashes To A Penny / Margins Wrecked On GDAX / Coinbase Investigating
I only would advise someone that was retired age 55+ to put 1-3% of retirement into cryptocurrency.
Regulation is a fine line between protection and slavery.
That's why it is important to cast your vote and elect witnesses that will best the progress and success of the Steem Community. We don't want regulation to fall into the wrong hands of any organization whether it be steem, SEC, or local and state governments.
Not sure how you can even suggest anyone put 1% of their retirement into an asset where even a stop can't protect you from losing half of your money. What just happened with ETH is now "fact." Unless you want to change the story and tell me that yes, crypto's can "obviously" be manipulated as investment assets...the story pushed by ALL crypto believers is that bitcoin, ethereum, it doesn't matter which one it is...it CAN'T be manipulated. Well...bullshit! :-)
Hold your own coins in a Private Wallet. Then watch the fun. You will still have those Coins when the Crazy Period is over.
Think long Term, you will be fine.
Gazza.
How do you sell to generate a profit if you hold them in your private wallet? Do you have to transfer them into one of the exchanges? Thanks. I was wondering how that works.