Small Investors Who Jumped into Crypto on FTX Say, Now What?

Re:Small Investors Who Jumped into Crypto on FTX Say, Now What? by jandrese on Monday December 05, 2022 @07:47PM (#33874242)

> BlockFi had marketed the account as risk free, yielding 6.5 percent interest

If you ever see someone selling a product with these features they are outright lying to you and are probably going to rip you off.

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Re:Small Investors Who Jumped into Crypto on FTX Say, Now What? by version_five on Monday December 05, 2022 @07:49PM (#33874264)

That's my point - greedy people ignored this, and now are whining when their too good to be true "investment" was too good to be true

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Re:Small Investors Who Jumped into Crypto on FTX Say, Now What? by coredog64 on Monday December 05, 2022 @08:09PM (#33874482)

I-series bonds from the US Treasury are at 8-9 percent, and that’s about ask risk free as “risk free” gets.

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Re:Small Investors Who Jumped into Crypto on FTX Say, Now What? by sigstoat on Monday December 05, 2022 @08:01PM (#33874406)

legitimate financial products have offered that rate and higher in the last 40 years.

look up historical CD rates.

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