I don’t have any skin in this game as I always thought crypto was an imaginary asset with no intrinsic value
Will this market pick up or is the leverage due to people buying with borrowed money too negative
What goes up must come down
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When the climate / robot / whatever apocalypse arrives, at least a few people can say they made a killing before humanity evaporates.
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Well, I guess it did go up a crazy amount, so I guess it is not surprising that it gave up some of those gains.
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People who know what they are doing are always happy to sell below the peak, even though that action may cause the value to crash.
The reality is that you are speculating in an unregulated currency. Add to that the fact it is highly automated, which means the blow outs will be extremely efficient…
It would be very foolish for anyone to invest in the debt of any nation expressed in crypto, because that debt could evaporate in an instance.
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Financial nature doesn’t like stability, it may crash and then skyrocket x10 to where it’s now again. I never understood why anyone was not rushing to sell when the price went over 1k, so I assume I don’t understand anything and won’t be surprised if another hype-wave happens
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Bitcoin down 4% today, of course it may double before sunset