Crypto 101?

[AMSOILGUY]

Originally Posted by XLexusTech

For what is worth lots of signal that BTC is in a bear market situation (look up definition 20% decline.. ) and headed for a big slide in the next few months..

I wouldn't touch it.

Great info and I have been seeing this as well. Now if this is true time will tell. The thing that is so appealing about BTC is that when it is all said and done and all of it is in circulation there isn't even enough for every millionaire in the world to own 1. I know that doesn't mean that all millionaires will want to own it, until you tell them they can't.

I haven't rode in a Tesla and actually don't know a single person that owns one. I have read reviews and many owners are extremely happy with them. Tesla accepts BTC for payment on their product, does that mean something?

[AMSOILGUY]

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!

[Vegas69]

Since this is Crypto 101, can anybody explain Crypto simply enough that a teenager can understand it? (Or a middle aged guy with zero knowledge)

[slimjim]

Originally Posted by AMSOILGUY

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!

Most crypto moves under the wholly speculation of bitcoin, for now it mostly all resides under one volatile reputation/speculation. It further does not help that the stock markets took such a tumble, and that could be what caused the big drop over the last 48hrs.

[XLexusTech]

Originally Posted by AMSOILGUY

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.