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SighMagi | 3 years ago

That was my first thought. Not FTX related, but I just got another email from Coinbase reassuring me that they’re not gonna use customer funds without permission. I have in the past moved my shit out of Coinbase wallets because of doubts about that. Honestly though I just want to GTFO of crypto at this point…

discuss

lottin|3 years ago

Get out, man. Learn investment theory. All you need is a couple of index funds and bonds. Investing isn't supposed to be exciting or make you rich quick.

fosk|3 years ago

And even there you can get access to options trading for quicker - and riskier - ways to make money using the traditional stock market. At least if you lose the money is not because somebody in the Bahamas decided it was time to retire earlier with your assets.

hello639|3 years ago

> All you need is a couple of index funds and bonds.

Ah, spoken like a true middle class Boglehead.

VTI/VOO will not change your life, even after 30 years. Broad market ETFs are not worth the risk.

You’re better off doing bonds (little to no risk) or crypto (high risk, more likely for life-changing generational wealth compared, even compared to FAANG SWE TC).

readthenotes1|3 years ago

"at some point, you are the greater fool"

"If you look around the table and can't see the chump, you are the chump"

perryizgr8|3 years ago

> Coinbase reassuring me that they’re not gonna use customer funds without permission

"Not gonna" is wildly different from "cannot". So are you sure they physically cannot use your funds? If that's not the case, their promise is worth just the price of sending that email to you.