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RE: SCARY Trend in Bitcoin & Other Cryptocurrencies
Yeah, we need new money into cryptos, but I think once prices begin to rise, people will come back! It's human nature to have a short term memory and greed is a powerful thing.
Indeed, although it's worth noting that eventually bubbles do pop - meaning that eventually enough people get burned that they don't jump back in. I don't think we're there yet still - think we have another wave - and then not sure what happens next, but will probably reduce overall exposure to only my long-term holdings at that point.
yeah I think it's a good idea.. I'm also planning on reducing exposure and only keep a couple of cryptos longer term.