Read the story here. Advertise at Before It's News here.
Profile image
By Points and Figures (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Crypto Markets

% of readers think this story is Fact. Add your two cents.

Crypto markets melted down over the weekend.  This morning, they are recovering.  Lots of pundits had various reasons for the plunge ranging from “too much leverage” to “it’s about time this tulip bulb market bursts”.   I don’t know why they broke, but Elon Musk’s comments and China’s action to crack down on Bitcoin certainly didn’t help.

When markets are illiquid, and cryptocurrency markets certainly are despite what advocates say about them, they will move hard on news.  The volatility in crypto shows its illiquidity.  No regulated listed market moves like that.

To be clear, I am not calling for regulation but making the point that crypto is an immature market that is illiquid.

If you are going to put assets in crypto, you better be prepared for a wild ride.  I am hearing that wealth managers at seminars are telling high net worth individuals to put 1%-2% of their assets in crypto.  To me, it sounds like they are just covering their asses.  I don’t think they truly understand the crypto market.  I think they have read some things about it, saw the assets increase in value, got calls from clients about it, and now because it is trendy are telling people to put a small amount of money in it.  If it goes to 0, 1%-2% won’t hurt that much.  They can chalk it up to taking a risk that didn’t work out.

High net worth individuals might be better off putting 1%-2% of their net worth into venture funds instead based on recent fund returns.

I can see both sides of the arguments from tulip bulbs to becoming a valuable piece of transactional finance.  When I first started looking at this a long time ago, I postulated that big corporations would eventually embrace crypto to create walled gardens.  Crypto has the potential to blow up existing walled gardens, and corporates don’t want that.

It’s pretty easy to envision Amazon tokens only being used on Amazon like gift cards are used today.  What about airline miles or loyalty points?  Someday, there might be markets in tokenized loyalty points that look like FOREX markets today.  Facebook has already looked at doing its own currency and took a step back.

In the long term, I think cryptocurrency that actually has a use case will be the most valuable.  I don’t think Bitcoin will be the most valuable crypto in the end.  It was simply first.

The post Crypto Markets first appeared on Points and Figures.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Lion’s Mane Mushroom Nootropic

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.


Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.

Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.

Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.

Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.

Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.

Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 1 comment
    • Rasandona

      Indeed, all sorts of cryptocurrencies and especially Bitcoin have suffered a big blow recently. For me, even though I’m making money on crypto, this doesn’t ruin anything. This is because I use bitcoin cloud mining website and receive my payouts in dollars. For people who are interested in earning money on the crypto market, but don’t want to risk by buying Bitcoin or other coins directly, this is a good opportunity to earn either BTC or money.

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.