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A comment on Kik, once valued at $1B, is to be closed. Parent comment

Re:Kik, once valued at $1B, is to be closed by DiogenesKynikos on Thursday September 26, 2019 @04:33AM (#21079230)
You're talking about the low morals of banks vs. cryptocurrencies, but I feel much safer depositing my savings in a regulated bank than I would converting them into any type of cryptocoin. Is my perception wrong?

I understand that in particular cases (e.g., hyperinflation), you may prefer cryptocurrency, but for the vast majority of people, official currencies and regulated banks are much safer and practical.

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Re:Kik, once valued at $1B, is to be closed by repomies691 on Thursday September 26, 2019 @08:08AM (#21080155)
> I feel much safer depositing my savings in a regulated bank than I would converting them into any type of cryptocoin. Is my perception wrong?

I converted all my fiat back in the days to crypto. I didn't feel safer back then, but later on as the value skyrocketed and I diversified crypto gains to all kinds of assets my comfort level increased very nicely. I still have good stake of crypto, now I wouldn't feel safe not having some amount.

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