What Happened to Cryptocurrencies?
By daisyChain
@__iVl___ (118)
June 26, 2021 4:20pm CST
Remember the hype about only few months ago?
Cryptocurrencies are flying, everybody is pumping.
But i just checked recently, and all charts are downtrending.
Maybe there goes elon musk again. But i din't knoe. Traders and investors tend to listen to him, even though it's just a jest for him and not actually a formal financial advice.
How did elon musk get so much influence in crypto?
Why is the market going down now that the econony is starting back up?
Are you into crypto as well? What's yoyr take ob this.?
5 people like this
3 responses
@marguicha (224032)
• Chile
27 Jun 21
I would not invest in cryptocurrency at this time of my life. In fact, I think that when one reaches the senior age, it is the time to spend the money instead of investing.
1 person likes this
@marguicha (224032)
• Chile
5 Jul 21
@__iVl___ I´m 76. At this time of my life I either spend money in doctors or I spend it in holidays. There was a time when I saved.
1 person likes this
@__iVl___ (118)
•
12 Jul 21
@marguicha hope you are well not to have to need docotors and to enjoy your holidays
1 person likes this
@__iVl___ (118)
•
4 Jul 21
Hi jaya =)
No idea in what?
In what's happening to crypto?
Or to the whole cryptocurrency system itself?
@kaylachan (72456)
• Daytona Beach, Florida
26 Jun 21
Supply and demand. I would suspect. Crypto is like playing the stock market. It comes and goes. Not worth investing in, unless you've got nothing to lose.
1 person likes this
@__iVl___ (118)
•
4 Jul 21
Yes, in a way more of like the stock market.
The difference is that stock market is more tangible. At least there are companies and their performances.
In crypto, it's more "imaginary".
But stock market stocks also comes and goes. And it is also advised you only engage in it what you can afford to lose.
So according to your concept and reasoning, you also do not trade in the stock market?