Cryptos Down Today
Tonights thoughts were inspired by a lot rhetoric around the crypto currency space that has occurred over the last few days. There seems to be a lot of people that are starting to panic given the decline that has occurred. Needless to say that they haven't stuck to rule number 1 when it comes to investing. - Don't invest anything you can't afford to loose!
I came across this graph a while back, and thought I could use it on tonight's post. The exact shape of this can be debated, however it is still a good reminder of how things can go, especially early on in any new venture, and cryptos are new.
So the thought/question I have is, where are we with Crypto's on this chart? I have certainly seen greed, denial and now fear with some people. Or are we just at the first sell off?