I don’t have any crypto. I’ve never quite understood, how crypto is an asset worth having.
We can all look after the fact and say, wow, if we had invested in crypto long ago, look how much money we would have now.
But past performance is not a prediction or guarantee of future results.
as I posted earlier
in my opinion recently people have had to cover their losses in other markets I am not sure where it started, but maybe slowly in Gold and then quickly in Silver.
This created liquidations in Crypto and other stock assets.
In the recent past when money was printed faster than I could imagine using covid as an excuse, that was like a series of meteors hitting in the middle of each the five oceans at the same time, with each hit getting larger and creating more and more turmoil in the markets over time, it is not just a one time hit. Since money is being created, the depth of the market rises and then falls back, but then rises higher before it falls back.
People in the cozy financial centers of the world are being forced to do desperate things to ensure they are not naked, but some of them really are and it is not pretty
But past performance is not a prediction or guarantee of future results.
With thin air investments, it is no longer expected to get a return on your money, but happy you got your money back at all.
“I don’t have any crypto. I’ve never quite understood, how crypto is an asset worth having.”
you probably wouldn’t have understood why tulips were an asset worth having back in the day, either ... and neither would i ...
crypto is the 21st Century tulip: it’s “value” is no more and no less than how much it can be sold for to the greater fool ... [though, currently, it does seem to have SOME value to terrorists, blackmailers, drug cartels, and smugglers.] ...
in my opinion as a successful investor in corporations that produce materials and products fundamental to the existence of civilization, crypto is literally an idea about nothing ...