If you bought btc/eth; so far the crypto believers have been right about one thing at least; when your holdings are down, just hodl. I am aware this can backfire terribly and I have no holdings, but for 12some years, they have been right.
>for 12some years, they have been right.
This is akin to a child counting on the toothfairy.
https://protos.com/tether-papers-crypto-stablecoin-usdt-inve...
^ Very eye-opening look at the true playbook behind the crypto space. It's very much run by CBOE-derived quant firms running the economy like a casino.
I am not recommending anyone does this; I would never and, like said, I do not have any crypto (I had in 2017); I was just commenting that they were right so far, which is indeed saying I am immortal because I didn’t die.
Have I been lucky? No.
The bank patiently waited three days before executing the order.
I am afraid they immediately sold the titles and kept the difference. After all no risk here. If the prices would have went up they just would have backdated the sell. I realized why bankers are rich. They have the power and can turn the game to their profit. They just have many possibilities to tweak something such that I lose. </tinfoil>
Ten year later I retried somewhere else, crypto, to realize that the same crowd is also in crypto.
Luckily I didn't go all in. Twice. I can afford the losses.