Crypto Risks | Is Everything Going to 0?

Anything can happen but nothing has to happen. This is the world of investing. There's risk everywhere you look and when you step into the landscape of crypto investing. Those risks go up 10x.

With crypto, there are so many added risks that aren't in the TradFi world. Questions like custody, third-party risk, blockchain risk, regulation risk, etc. all come to mind.

But with all of this added risk comes the huge promise of crypto: to the moon style gains.

So if you can grow comfortable and knowledgable in navigating the risks of crypto, you can also reap the rewards of asymmetric upside.

In This Clip:

• Anything can happen and nothing has to happen, that’s why it’s called investing, it’s about investment risk
• If you don’t want risk you can sit in cash, and even then you’re risking to not invest and miss on gains
• There’s counterparty risk in almost everything
• The only “safe” choice is to keep BTC in a cold wallet and your only risk would be your hedge against FIAT
• Belief on Hive and HBD by Khal - tad speculative but safe than other choices
• Exchanges lost (got moved not sold) in early Nov 15B in BTC and Coinbase 3.5B alone
• Maker DAO example on collateralized BTC
• wBTC depeg with FUD and influence of whales who sold 10M+ USD in hours, but the peg was regained
• wETH meme and burn process, no centralized custodian, only risk are bugs in contracts

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.

Our mission is to democratize financial knowledge and access with Web3.

Twitter: https://twitter.com/FinanceLeo
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Our Hive Applications

Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
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LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
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Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io