>Marginal errors? Example?

too many to mention. frequent some of the popular crypto subs on reddit and you'll come across many.

People definitely get hacked
>because they don't understand how to secure their private
>key(s) which is paramount for anyone going to
>self-custody/store access to coins and tokens. Or don't secure
>their accounts with 2FA or the exchange is hacked on the
>backend/server side.

there are plenty of other hacks as well, again, please refer to the subs.

That can happen with any account/system
>not just crypto. People get locked out of accounts ALL the
>time - also in and out of crypto.

the difference is, i can call someone to straighten the issue out and my money is protected.

The centralized exchanges
>are much better about having users secure their accounts
>BEFORE any purchases.
>
>More info about that here: https://www.coinbase.com/learn
>

coinbase has locked people out of their accounts, and prevented people from selling during dips. this is all very well documented.

>And as a personal rule I use an exchange as such - a place to
>exchange fiat for crypto - then store the rest via private
>keys stored in secure locations. They are not banks - yet. No
>FDIC with crypto. That's what's happening sooner rather than
>later.
>

"be your own bank! bankers hate this ol money under the mattress trick."

sincerely, crypto should address some of its security issues.

>Usually when an exchange prevents users from buying or selling
>is the user's local laws.Binance has everything - good, bad
>and ugly. They are based in Malta.
>Coinbase has a decent variety of coins. They based in the US
>are subject to US laws.
>

coinbase has not registered with the SEC, and it's deposits are not protected by the SIPC either.


>Bitcoin is $60k as of right now - I got in at $2700.
>

ponzi always favor early investors. congrats, genuinely thrilled for you. for your sake, i hope you time your market exit correctly.

>Most of the people stacking BTC right now already have it and
>are continuing to acquire it due to the fact that there will
>only be about 21 million and traditional finance wants more
>tools to make money and fees. That's the main reason the
>Street is excited - another way to line their pockets.
>Speculation DEFINITELY happens. In EVERY market.

the bubble will burst eventually. something you have not addressed is that bitcoin is a solution to a problem that doesn't exist, it's tech is garbage and energy costly. bitcoin has been looking for a problem to solve for over 10 years and has not found one.

>
>Yes - new people are getting in but they are buying fractions.
>They aren't moving the price up. The whales are - just like
>the Street. 0.01 BTC here, 0.03 BTC there. They are buying
>sats - satoshis - the smallest fraction of a bitcoin.

fractions add up, however, to your point about whales. crypto investors claim that bitcoin is decentralized, but it is clearly not when whales can swing the price at will or with a tweet. it is centralized via their hands. what do you think would happen if the whales pulled out? also, i really think you should read the following article:

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3

tether has been used to pump the value of bitcoin and is destined to fail.