I mean this is basically what I have said from the beginning. Crypto is extremely risky. It’s mostly gambling. Probably 95%+ of people were well aware of that.
That being said what happened with FTX has little to do with any of that. This was literally just fraud/theft. If the customer funds were segregated like they should have been people would have only lost 80% instead of 100%.
Back in the good all days you could buy PonziCoin and expect to get 200x in a week but now that the word is out that it’s a ponzi and everybody is like nodrake.
I don’t think anybody in disc was on ftx, but there is plenty of sweat about other exchanges. I yanked my meager BR off Gemini on Thursday, even tho that’s very probably an overreaction. Also I’m up tons from 0 when I started early last year, but I also rode eth down from 5k highs to 1200-1600 which was quite the downswong. I also dumped out of a short term position because of ftx fud, but also because I’m not particularly good at trading.
Now it wouldn’t hurt my feelings too much if ppl still lol at say me losing some money, just understand that not everybody on there raked in millions. It continues to be strange to me that people who gamble/have gambled for decades in this community think crypto/nft stuff is more worthy of contempt/derision than taking social security checks from the olds at the poker tables.