Was it not always said to stick only to the ‘blue chip’ cryptos of bitcoin, ethereum and solana with everything else too far out the risk curve unless you’re prepared to lose it all on the roulette table of the smoking chicken fish or something similar. Probably a lot to be said for just BTC.
Well Bitcoin does need a major correction to truly push higher. Though on the flip side the loss in faith created by a major pull back may create downward momentum spured by fear. Considering that bitcoin's only utility is basically to buy and hold to hope for a higher price who really knows what will be the overall outcome?
And lay off the leverage…!
!!
Was it not always said to stick only to the ‘blue chip’ cryptos of bitcoin, ethereum and solana with everything else too far out the risk curve unless you’re prepared to lose it all on the roulette table of the smoking chicken fish or something similar. Probably a lot to be said for just BTC.
Yes
Well Bitcoin does need a major correction to truly push higher. Though on the flip side the loss in faith created by a major pull back may create downward momentum spured by fear. Considering that bitcoin's only utility is basically to buy and hold to hope for a higher price who really knows what will be the overall outcome?
I'm not sure that it's only utility. I, for example, have used it to make and receive payment.
Are the solid cryptos like Bitcoin, Ethereum or XRP still good investments or is it wise to abort until we see what direction it is going to take?
I think bitcoin is a great investment less sure about the other two
Perhaps we’ll see market move back up, or the start of a major correction? Who knows?
Who knows indeed.
Are you suggesting gold and silver are a sell?
Depends on your time frame. Long term no. Short term - possibly, but no one including me knows