For now we call it a decline because we compare it to the USD. I that scenario yes the losses have been massive . The question is if crypto becomes the future and replaces fiat . Will it really matter that it dropped vs the USD back in “2018”?
For now we call it a decline because we compare it to the USD. I that scenario yes the losses have been massive . The question is if crypto becomes the future and replaces fiat . Will it really matter that it dropped vs the USD back in “2018”?
That is a very, very solid point. We only know those things in hindsight unfortunately. The potential for crpytos is absolutely gigantic and we know old fiat is dying... but how fast? All I know is that 1000 dollars to me last October still means about the same to me as 1000 dollars today (no run-away inflation or deflationary event quite yet for the dollar). But the meaning and value of crypto is still abstract in my mind and in practical use. So until then, it's kind of a casino game for me which is why I recommend holding equal amounts of silver! Physical precious metals have always been and always will be money no matter what is happening on earth!