Quote:
Originally Posted by Frost king
The only reason we had a crypto crash is because an exchange got hacked. Imagine what would happen, if a bank or financial market exchange get hacked in the same fashion? Didn’t the conventional markets lose approx 1/3 of between Feb and Mar of 2020? So what is the difference. This is the new generations version of Gold. It allows them the opportunity to create fast wealth. The secret is not to keep the crypto on an exchange. You keep off the exchange, except when you trade it. Otherwise you pull it off.
|
To be fair, it took 30 days to lose 36% of its value (S&P). And also, COVID was first going on so...with the world potentially ending, it kind of had a plausible explanation...
But like I said, even the S&P feels like a 3rd world market with the way it moves at times. It's amazing how fast it can drop...it hardly ever goes up as fast...lol
