Received a message from a long time crypto friend who also got heavy into the space in 2015.
He sold all of his crypto positions last days & wants to go 100% physical PMs (after years of mocking shiny rock!)
He too believes the crypto casino is finished. “Not worth the risks”
He sold all of his crypto positions last days & wants to go 100% physical PMs (after years of mocking shiny rock!)
He too believes the crypto casino is finished. “Not worth the risks”
And just like that. The FOMO, greedy speculators start to see the risks to the downside while looking for a place (ie store of value) to park proceeds.
Most won’t touch fiat currencies so where does the money flow to next?
And just like that, shiny rock no longer a joke.
Most won’t touch fiat currencies so where does the money flow to next?
And just like that, shiny rock no longer a joke.
It is a safe haven which protects your wealth.
A big shock, sudden fears can quickly alter hardcore beliefs about gold. How much longer will they listen to these anti-gold crypto pumpers (like @APompliano) cheap rhetoric and realize they are hodling bags of risk, hopium.
A big shock, sudden fears can quickly alter hardcore beliefs about gold. How much longer will they listen to these anti-gold crypto pumpers (like @APompliano) cheap rhetoric and realize they are hodling bags of risk, hopium.
As appealing and powerful as greed can be, fear has a much faster acceleration and emotionally powerful grip over markets.
Things can change on a dime. There has been nothing but warning signs on this crypto bubble for sometime now. So many scams and pump jobs are unraveling.
Things can change on a dime. There has been nothing but warning signs on this crypto bubble for sometime now. So many scams and pump jobs are unraveling.
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