I am still here, and not sure about the others. I still believe in cryptos potential, but I am also still licking my wounds from the large decline in value too. Fortunately, I am still profitable in my crypto endeavor and have cashed out to buy bullion thru the popular online dealers a few times.
This was inevitable due to our lax monetary policy and continuous disregard for economics. No administration in our lifetime can be pegged as the cause, but many have been competing for top spot. This assessment includes both accomplices in our two party system.
I believe this has been planned...
I just turned crypto to physical gold bullion at APMEX. If they accept it as payment, they must believe, etc. FYI, other metal dealers also accept crypto. Not all though.
If you want some real pain, wait until Tuesday to look at it. I think we will have a pretty good decline on Monday as the markets settle after the sell-off due to the two bank failures panic over the weekend. Bad news always comes out on Fridays.
I am a fan of crypto and am still holding through this crypto winter, I think we could be watching the devaluation of the USD. Crypto and precious metals are starting to gain momentum shows me the world is losing faith in the greenback. Now with the current world events and...
I am invested in a crypto on the Polygon network that is creating it's own eco-system, which is creating it's own revenue and they are using the revenue/profits to buy/burn their own tokens, as a deflationary measure. It is called Sphere Finance and it could be worth a look at.
Treat crypto like any other risky investment. Only put in what you can risk losing and diversify. Don't put everything into it. Start small and add a small piece of crypto to your investment pie chart.
Cold Storage wallets are a must to keep your digital assets safe. I use both Trezor and Ledger. No transactions can take place without you physically pressing the necessary buttons on the device. Check them out.
I believe the US Guberment has already demonstrated that crypto (including BTC) can...
I believe crypto will inevitably be government controlled. It is unfortunate, but banks and governments will not allow it to go unregulated. The unintended consequences of Defi and Web3 is that the sheer processing power and amount of transactions that can be completed by a few servers can place...
That was the original intent. But I believe the banks see that crypto and defy can put them out of business. So they say it is bad and evil! But let us regulate it and it will be good!
I see your point, but the US Banks have regulatory approval to deal in Crypto and I believe they are spending **** tons of money lobbying the politicians to allow the banks to regulate it. Once the details of the plans, revenue streams, kickbacks and regulatory fines are worked out, Crypto will...
Last quote from this article.
"Even so, it may not be the best time to buy, as it may take considerable time before the crypto market digests the recent turmoil and enters a new phase of sustained demand from broad segments of investors, not just stressed asset hunters," Alex Kuptsikevich...
"Now, reports have emerged Wall Street giant Goldman Sachs is looking to raise $2 billion to snap up the assets of embattled crypto lender Celsius which has been hard hit by the latest bitcoin and crypto crash."...
I have a buy order on BTC at $9,100 in case it drops really low while I am away.
But I am DCA'ing at the support levels.
Politicians, Brokerage houses and all of the Large Banks are investing in Crypto right now. They have been sitting on the sidelines waiting for a down market, almost like they...
All markets are in the RED. I am waiting for it to drop lower so I can buy more. :)
Crypto is the Wild West and more a gamble than anything. If people did not understand that, than shame on them. Only invest what you can afford to lose. And for heavens sake, diversify.
Yes, it is the unwritten rule to NOT keep anything on the exchanges. Keep it in another wallet like MetaMask or on cold storage wallets in case the exchange has issues, etc.
I am watching all markets bleed right now and putting together some form of strategy to start buying certain assets once...