In the past few days, the crypto market has taken a diped turn.
People have committed suicides.
What more should we expect
Partly true. Even the so called stable coins are losing their peg. I feel for those Lunatics, hodling altcoins is a mind game not many can play. In my case, I’m sad bitcoin dipped below 30k, really sad because I planned selling some bitcoins to pay for my medicals. The dump was unexpected and bitcoins is still dumping. I know I can’t sell now if I do I will suffer 50% loss. This is why it’s good to have fiat in hand.
Holding a fiat in hands is good and convenient for current expenses. There is nothing good in storing fiat in the long term, and here the advantages are on the side of bitcoin. In turn, using
BTC for short-term purposes, as many have now seen, is very unprofitable and dangerous. Each financial instrument has its own tasks that they solve. There is no universal tool, and therefore, there is only one way out - diversification. Investors who only bet on crypto are now depressed and in serious financial trouble. "Games" with money are not amusement at all, as many people think.