You are either a “see what happens optimists” ( like me ) or “I bet you” kinda of investor in crypto. No matter what you are, the last 100 days have certainly caused a severe crypto trust deficit among retail traders. Crazy Bankruptcies by overvalued crypto firms and the now FTX-Binance merger ping-pong is deeply hurting crypto currencies. With Binance now backing off the FTX acquisition it has got a lot of folks worried
That being said, as many of you know, I am still a big believer of Crypto currencies. I support the open cause of de-centralized non-government-controlled finance There are going to be ups and downs but Crypto will always be the favorite alternate to stocks. The current price carnage is temporary. As the fed increases interest rates and the system flushes out the bad actors in the crypto market, I expect it to emerge stronger.
So my 2 cents…It’s not yet time to look for the fence.