Thread: Crypto 101?
View Single Post
  #27  
Old 01-22-2022, 07:00 PM
XLexusTech XLexusTech is offline
Senior Member
 
Join Date: Jun 2007
Posts: 1,317
Thanks: 82
Thanked 89 Times in 55 Posts
Default

Quote:
Originally Posted by AMSOILGUY View Post
It hurts to look at your accounts right now! Did something fundamentally change in crypto? Not that I know of. Great chance to get in for really low prices. I'm doubling down!
What makes Crypto real is Institutional investment. That started happening a few years ago. Whats driving it down right now is basic fundamentals. Specifically supply and demand, Demand is down and Institutional investors are withdrawing.

We're e also in for a Bear market.. many are suggesting a 20% drop in the major Indexes as we drive through Midterm elections, covid recovery and inflation.

Buckle up everyone.

Last edited by XLexusTech; 01-22-2022 at 07:03 PM.
Reply With Quote
The Following User Says Thank You to XLexusTech For This Useful Post:
AMSOILGUY (01-23-2022)