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Is crypto dead?

This topic has 2 replies, 3 voices, and was last updated 2 years, 1 month ago by Jasmine Birtles.

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November 16, 2022 at 14:57 #177502

Andre
Participant

The last two years everyones been telling me I need to invest in crypto and I’ve held off because, frankly, I don’t fully understand the bloody thing.

But I was just getting the appetite start of this year to look into it and it all seems to have gone quiet and, from what I can see, quite a few crypto currencies are much lower in value than they used to be.

So is crypto dead? Or is now a good time to look into it?

November 16, 2022 at 15:13 #177511

Jules
Participant

After the horror stories I’ve heard, I’m not sure I’d go near it

November 17, 2022 at 18:47 #177580

Jasmine Birtles
Keymaster

i don’t think crypto is dead – I think it’s taken a battering though. The latest hit was the FTX crash which has tainted all crypto coins and trading platforms. However, Bitcoin still has huge support and I think we will see it rise in popularity in the next year or two as fiat currencies gradually lose support.

I think the vast majority of cryptocurrencies are not worth looking at but Bitcoin, Ethereum, XRP and a few other interesting ones are worth watching if not actually owning.

However, gold and silver are even better currency alternatives so make sure you have a bit of those in some form if you can, I think.
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