Re:I am often asked if I will “return to cryptocurrency”
by spookthesunset on Thursday July 15, 2021 @11:58AM
(#27846217)
I’ve been watching Bitcoin for like a decade. Bitcoin is the scam that will just keep on going. I have no clue when it will crash for good.
Re:I am often asked if I will “return to cryptocurrency”
by w4llstr33t on Thursday July 15, 2021 @04:18PM
(#27849588)
I don't think Jim Cramer is creating his own crypto. Where did you hear that? I don't watch his show but a quick google search produced no results. He has said he has invested in Bitcoin and Ethereum, but also seemed to have gotten out as soon as they started to go down.
However, I don't disagree that retail investors may end up with issues with crypto, but I don't think traditional markets are necessarily safe for retail investors either. Big money controls both crypto and traditional markets. Governments can bail out traditional markets, but in the end big money gets most of the bailout, too. Traditional markets, at least right now, are less volatile than crypto, but things like March 2020 show that they aren't for certain, either. It sounds like we don't really disagree though since you referred to watching various bull and bear cycles.
They are all believers now.
It does seem like they are just in it to take money from the Retail Investors investors though like they always do. Meaning I have seen to many Bull to Bear Markets, and when the switch happens--it's the Retail investor that looses everything.
(I guess we will know how it all turns out in a few years. If I had Bitcoins, I would sell. The competition is almost exponential. New crypto are coming on daily. Every money licker wants their own crypto.)