I know I will be roasted for this MY OPINION. But I don’t care, it’s my thinking. Nobody cares either when people shill their bags.

Crypto is not a regular market. Ups and downs are normal for markets. But regular markets have underlying real, tangible value. Stuff. There’s no stuff behind 95% (made up figure to make my point) of crypto.

Crypto is rather gambling. And as such, it doesn’t need to be overly regulated or even banned. But gambling is very different than a market. Especially psychologically to people. It’s definitely NO economic game changer. Try your luck at your own risk.

As it’s purely digital and virtual, there’s no bottom and there’s no roof at to where the price can go. Which swings widely and wlidly mostly on pure sentiment. There’s no real economic metric underpinning the movements. There are not a whole lot of economy affecting jobs (well, devs, influencers, comms managers, marketing for sure) behind it, nor materials, nor services. Not even utility!

There are a handful of exceptions. Bitcoin of course can be perceived as digital gold. But it’s not doing a great job at it. Unlike physical gold, bitcoin can go as low as it gets. It’s price is too speculative to function as gold. Every asset sees price moves, but from a digital gold – by MY INDIVIDUAL expectation – I expect SOME stability and predictability. And right when I need my asset to give me stability – in terms of hedging when things look concerning – it tanks. It goes up when everything else goes up. That’s NOT the utility of digital gold -> I submitted by

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