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If you can assess the code, you assume less risk than someone who can't. If you know TA or go out of your way to research teams etc, you assume less risk than those who don't.
Information asymmetry is an edge. You can never achieve zero risk and thus infinite reward ratio.
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Information asymmetry is an edge. You can never achieve zero risk and thus infinite reward ratio.
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Work on building that edge to decrease your risk.
Most of you exhibit a pattern of behaviour that assumes high reward and high risk lazy, greedy, entitled babies.
Stop bitching if your perception of low risk turns out wrong.
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Most of you exhibit a pattern of behaviour that assumes high reward and high risk lazy, greedy, entitled babies.
Stop bitching if your perception of low risk turns out wrong.
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This includes keeping money on exchanges (nice to get refund, but fuck you for demanding coins to fork if you left too much money on exchange. NOt yOUr kEYs NOT YouR fUNds.
This includes buying experimental projects by autist or genius devs.
This includes shady exchanges.
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This includes buying experimental projects by autist or genius devs.
This includes shady exchanges.
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Your responsibility is assumed in full with you clicking to buy or you choosing to leave your funds on exchange after buying.
The other party that scams or fucks up assumes a different type of responsibility.
But the reason we can make so much money is precisely due to...
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The other party that scams or fucks up assumes a different type of responsibility.
But the reason we can make so much money is precisely due to...
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... the RISK. Without this risk we would have APY values of 1%. We wouldn't have ROI in the THOUSANDS and TENS of THOUSANDS.
You want the security of the traditional banking system with the profits of the wild west.
This is the wild west. Stop being a pussy.
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You want the security of the traditional banking system with the profits of the wild west.
This is the wild west. Stop being a pussy.
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Alternatively when Kucoin got hacked, they were responsible for protecting funds. When binance, as a CEX, listed SUSHI without doing their own due dil they were as well. And them trying to absolve themselves completely of any responsibility was a cunt move.
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But that is a different responsibilty on a different plane from customers OWN responsibility to assess their OWN risk when trading, and it is orders of magnitude more profound when trading on a DEX like uniswap.
Even when trading on binance it is my own responsibility to...
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Even when trading on binance it is my own responsibility to...
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... double check whether this or that project is too high of a risk than I personally want to assume.
Binance bears full responsibility for not listing complete unaudited trash scams, and traders bear full responsibility for not trading these if binance does list them.
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Binance bears full responsibility for not listing complete unaudited trash scams, and traders bear full responsibility for not trading these if binance does list them.
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In short, whatever you do with your money is entirely your choice. It is on you if you win and on you if you lose.
Risk and reward are two sides of the same coin, while being a dumbass is a personal trait.
Fin.
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Risk and reward are two sides of the same coin, while being a dumbass is a personal trait.
Fin.
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