I suppose everybody is selling as fast as they can ,
It peaks and troughs a little higher every time. If you bought in early you are still a winner.
I paid about £70 for 22 litecoins years ago. If I sell one of them today I’ll get £145. It was £239 for one a few days ago.
At one stage it was nearly £300 for one and tanked down to £50. Now it has tanked over £100 so if you just hold on.
Crypto has always been volatile. It has a history of up and down, but the overall trend line is up. Can’t predict anything, but I don’t think this is the end of crypto.
These are my thoughts exactly. Well said @headspark
Without US Government backing, crypto currencies will never be legal tender. The rise in price in crypto currencies is based on speculation and uneducated investors gambling their money on an unproven investment.
I’m holding onto mine. They’ll peak again in a few years. Not a big deal if you take the long view.
What happens if crypto currencies become the funds for black market transactions due to its untraceable nature? Governments are developing their own digital currencies in a mandatory way where each dollar is traceable and its transfer history recordable.
They peak every Christmas of the 3rd year or so. I’m keeping mine. I’ve sold before on a firestorm of ppl unloading crypto and I always regretted it. So I’m not making that noob mistake again. Would be one thing if I already made 100k or something off it. I’d probably sell for now and then rebuy low. But makes no sense to sell on a loss when you believe it’ll go up 10x as high in a few years.
anyone buy gold? i have a little digigold
my friend says he has 30g worth of Indian Gold, i was like ‘you really shouldn’t tell people that’ lol
Then I’m out a couple hundred dollars.
My TrustWallet went from 1500 to 500 in the last couple weeks. My doge went from 1000 to 1700 early May but is now down to like 780. Really hoping the trend reverses soon.
You pay less taxes cashing out if you’ve held onto your crypto for a full year. I bought them as a long term investment so I’m not too worried.
It is gambling which is basically the stock market. I’m a little uneasy with this topic.
I don’t understand crypto. I just don’t know how it works, or if I should even care. Sounds like a good way to end up on some fed’s watch list somewhere, and THAT is why I have no interest in crypto.
@jeroenp 15151515
I do not understand crypto currencies. How can one currency go up 100s of %? I do not think that it is any investment because it has no real assets backing. I listened some crypto news a couple of years ago and some professionals told that it is a bubble that is going to burst. Can you think of any fiat currencies go up 100s of %? I can not.
Is mostly speculative funny money at this point with huge environmental concerns and an ability to really upset the wealth gap on earth.
Hopefully crypto billionaires will become humanitarians not greedy hermits. But either way, I’m not a huge huge fan besides of Ripple (XRP)
Because the technology is there.
But I’d rather be on the rich side when the wealth inequality happens for the worse…
But my $666 in crypto down from $900 isn’t gonna make me a millionaire I don’t think so.
Funny you have that the devil’s number … 666
Lol was joking. Just checked and I have $650 actually. Close enough 
Somehow polygon made me some money despite the crash of everything else.