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RE: IN THE NEWS - Facebook Bans Crypto Ads
True. For the ones that got into crypto late last year this is really bad. Howerer, the upward trend will come sooner or later. HODL.
True. For the ones that got into crypto late last year this is really bad. Howerer, the upward trend will come sooner or later. HODL.
yes there are a lot of people finally got onboard last fall only to see their investments drop drastically in value. And for some their money is locked in to a plan where they can't get it out yet even if they wanted which may be a good thing - as the value should be on the climb again over the next few months.
The ones that are really hurting are those that mortgaged homes or took out credit card debt. Almost said or worse took out credit card debt, but if you walk away from your unsecured debt it's not the end of the world. If you stop paying a mortgage you can't afford that is a major life changer.
The key is to many people trade with emotion vs logic. They have a very bad habit of buying high and then selling low.
For all the bad press financial advisors get they serve a purpose and that is to help keep people from following their emotional trading ideas.