[Edited Message Follows] [Reason: Apologies for not breaking up the paragraphs previously.]
Michael, I got out of crypto just before the last major downturn. I locked in some very good returns doing so. Bitcoin has had at least 6 major downturns between going from $480.00 to breaking 60k a few months ago. During one of those downturns it lost 80% of its value. Crypto, nor options trading or any investing in any financial asset isn't for the fair of heart. Like Elin Musk said, "its a hustle." As more companies and individuals handle transactions with crypto - especially the 10 largest in market capitalization - they will become less volatile but will remain the most volatile asset class. I do think decentralized finance (de-fi) could serve as a disruptor to the status quo as long as it remains unregulated for the most part. There are more than 4700 crypto plus all the NFTs coming to market and the central bankers are now getting in on the action. The Fed just releases their report on digital currency and countries like China and Barbados already have digital currencies, though China has banned crypto. I think all leftists, be they Marxist, Left-Libertarian, or whatever should gain a better understanding of de-fi and blockchain technology and figure out how to use thia stuff to their/its own advantage. You can carry your crypto on a device as small as an SD card anywhere in the world without declaring it upon entry. You want to finance something without a government's immediate knowledge its the best way to go. For now. Just my 2 cents. In peace, Jim Brash -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#8803): https://groups.io/g/marxmail/message/8803 Mute This Topic: https://groups.io/mt/83122791/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
