Unless big changes are made to the industry immediately with real potential to improve things, all rallies should be attributed to traders, speculators and hedge funds closing shorts and repeating the cycle….likely trend for the foreseeable future…there is no reason to invest or go long for the foreseeable future
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Do not put any funds into crypto, unless you’re a trader or speculator, until big changes are made to the industry…a lot of potential downside and risks remain hidden that could require immediate buy/sell actions
All fund Managers, finance and business professionals who believed in crypto need to rethink their approach..0/5 stars for ignorance and ignoring risks and red flags and just following the crowd….whereas speculators and traders get 5/5 stars for getting it right
“Crypto is a good long term investment for retirement and everyone should have exposure ”…..only if it goes up or does not crash to worthlessness and it’s true value
All of the past years of being useless tokens and only useful as risky speculative short term trades being priced into each crypto in this crisis …~20 years since being developed and crypto is still speculative and has nothing of real value
Moving forward, the crypto industry’s “shadiness” remains the same..fraud, theft,no transparency, unsecure, uneven trade playing field, international issues, no accountability/responsibility/regulations..no significant improvements towards stability and legitimacy during the past >5yrs now being accounted for in this crisis
Remember that crypto, being unregulated, means no consumer protection…this has been widely broadcasted in public by the media and government in many nations and by the exchanges themselves in many cases from at least 3-5years ago…everyone I know knew about the industry being unregulated and the shadiness of some exchanges and widespread theft and fraud in some cases
Crypto now has to prove that it’s worth something other than being ponzi related and pure speculative trades
One thing for sure..no one can say that they did not see this coming…red flags have been showing up for the past few years through fraud and thefts through craziness to show case crypto Hollywood style while it has remained mostly useless
$BTC.X 4-7k in the next several months if crypto industry leaders can’t fix the issues that have been around for the past 10 years