I’m not saying to do crypto, I’m just pointing out something that seems rather obvious to me.

In all investments, unless there is some magical explicit guarantee, the maximum loss is 100%.

Generally speaking, the “lower risk” an investment has, the “lower returns” it would give. Ie. a bond that will be redeemed at 100 face value won’t trade too low below this number, but returns won’t be high either.

Well, assuming of course if the borrower can pay back the bond. Bonds are rather binary in nature, imo. If they can be paid back, they will stick around face value. And if not, they are pretty worthless. You don’t get the smooth downward trend that you see in …