I believe there is merit in BTC but it's value is propped up by fake USDT unbacked $. I don't think there is liquidity for everyone to cash out at same time. Which is why exchanges always shutdown during periods of turbulence.
I believe there is merit in BTC but it's value is propped up by fake USDT unbacked $. I don't think there is liquidity for everyone to cash out at same time. Which is why exchanges always shutdown during periods of turbulence.
Just be honest. You're playing musical chairs hoping you'll have a seat when the music stops.
For my other holdings I take profits aggressively and don't lose any sleep over missed opportunities. The way I see, it's a coin toss and I'm too lazy to get into technical analysis.
What I've learnt over the years is to ignore the optimism, in the right circumstances pretty much every cryptocurrency trends towards zero. So I'm very cynical about it.
It doesn't matter if you see it that way or not. Your buying and selling is still voting in a sense on the valuation of the future cash flows of the company.
Buying and selling BTC is like buying or selling gold. There is no future cash flow to value. It is purely pricing based off supply and demand.
Also, I don't have the desire to study companies enough to understand what I'm getting into.
Index funds are appealing, but I keep reading that we're in a bubble but I also feel like assets will just keep appreciating forever, naive, I know.