
Originally Posted by
HoneyBadger
Again: Do your research and understand what you are investing in.
FWIW, major exchanges like Coinbase and Gemini are insured against theft, hacking, or fraudulent transfers. Cash sitting in your Gemini or Coinbase accounts is insured by the FDIC.
I have yet to see substantial recent evidence of wallet theft or hacking. There are MANY cases of user error, but not many cases of legitimate theft or hacking. Recent advancements in crypto protocols have made digital attacks even less effective.
For the record, I wouldn't advocate anyone invest in any crypto besides BTC or ETH. There are thousands of garbage cryptos out there now just trying to ride the hype train (like DOGE), but BTC will forever be the standard against which all others are measured.
ETA: Of course technological developments will change the landscape. This is why I stated: "What do you believe will be the best store of value for the next month? Year? 10 years?" Constant evaluation of what holds value is critical for maintaining your wealth.