Yes cryptos are here to stay. They buy goods, buy services and secure online transactions amongst other benefits. The fact they’re not guaranteed by a central bank is why I was attracted to them in the first place.
Down $2000 overnight? Lucky I’m not into day trading and couldn’t care less what happens in one night, nor do I have any Bitcoin although a lot of the crypto market currently follows its trend. It is up over 7400% in the last five years and not stopping just because newbies are sent into a frenzy because of some Elon Musk tweets.
And just like a pyramid scheme, those attempting to get rich quick will be dispatched in quick time. Like shares, it will only make stupid people poorer, especially those who make decisions based on an overnight market.
Price at posting:
0.0000 Sentiment: Buy Disclosure: Held
