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RE: Crypto Is Dead Again?

in #cryptocurrency6 years ago

Crypto price is a relative issue... Crypto is tied to the USD here in Canada and the USA ... For us to buy crypto we have to convert our dollar (Canadian) to the value of the US dollar because everything is converted first into the value of US dollars even if it is crypto... So for example I can buy $100 in crypto for a day and on that scale it will not loose too much of its value or gain that much value... So if you hold of buying crypto to make purchase and do such the same day that is far better then sinking all your money into the crypto markets... Look, people are buying crypto because there is a chance it would make people money like a regular investment. Miners and a lot of interested people jumped on the bandwagon and created a HUGE bubble... fewer and fewer miners are bothering with the expense... So in my opinion nearly all crypto will drop in value, perhaps sharply... But at some point it will level off with few spikes and valleys... If all crypto was the same value of a single US dollar that would be all the same to me as long as I have no investment before that... It is possible that the Bubble permanently damaged crypto, but as long as its value is stable and reliable that is all that is needed...

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