You may have given away the answer yourself:
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Lol, point taken. I really have no strong opinion here, but just to play devil’s advocate: a compelling use case for crypto could emerge for sophisticated players. Or systems for managing wallets could be created that has strong security guarantees but are easier for lay people to use. (But yeah, I think the more likely situation is that these don’t happen.)
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Quack, very well said or better well written 
Actually my point is that at this stage we are already at about 80-95% down for most of the coins (considering ATH…and for people got in 2020/2021 in Crypto)….
If Binance and other big exchanges collapse too we are going to be about 95-99.9% down for most of the crypto instantly for sure… How many chances would you have at this stage then for making a 1000x in an altcoin…:
I truly believe that the ones which would really have a use case are going to survive and thrive but in the end in such a scenario how many would be in this category and in which time horizon are we talking about…
In a nutshell maybe to try to rephrase slightly my previous post… Would it make sense at this stage to spend even more time (and maybe money) at crypto space (trying to optimize or protect somehow you portfolio further no matter what) or you just leave it as it is and just accept the risk whatever happens happens…
I might sound to be very pessimistic but when you are about 80% down in your portfolio and the market outlook is not very promising you don’t have many options….
Yes.
It’s a necessary but not sufficient condition I guess 
It’s not always black & white…
People doesn’t need the same level of understanding to decide to invest into something, people doesn’t have the same risk Appetite…(also people nowadays they don’t have time to spend on all those topics and analysis that might be required before deciding for something)
…and it’s perfectly okay to be like that as soon as it’s calculated risk and it doesn’t affect of course anyone else or blaming anyone else
If it was like that nobody should ever played in the casino and nobody should have ever invested in crypto
Admittedly, the quote was too good a prompt to miss and not comment on it. 
There are services and apps that make it easy and - relatively- safe to dabble in crypto currencies, no doubt.
But I think there’s little denying of how even educated, well-versed people in the crypto space are failing to keep their assets safe and secure - all too often. And the (supposedly) trustworthy and professionally run crypto services, exchanges, lenders etc. operated by such people, too.
Given the safekeeping risks, your mention of casinos may be more fitting than portraying it as an „investable“ asset class for retail investors.
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Agree.
You may categorise crypto as whatever class you like hands off - even like casinos -
Just what’s wrong if someone decides to play on the casino?
What’s wrong if someone plays with Crypto - without having stored it’s Crypto in a hardware wallet?
To put it simple what I don’t understand why are people attacking to other people about why they invest into crypto without knowledge and being so dummy to not see the risks, to not see the collapse coming, to not have wallets etc…
…and there are too many post-facts prophets out there just ready for criticism
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Nothing wrong with that at all.
I’ve been doing it myself.
I am not attacking people to do so. But I will object when people paint a picture of cryptocurrencies as the future of money, the monetary system and pass it off as an investment-grade investment for ordinary people.
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Yes sorry I didn’t meant you of course… it was more general
Totally agree
2 posts were split to a new topic: Staking Crypto - Best platform [2023]