Afternoon everyone....
Ok, while I would not call myself a hardcore crypto guy. I have owned some Bitcoin a few times, but currently do not. I do have several alt coins that I’m hoping do some nice things.
Over the past month we have seen Bitcoin soar to record highs. This is also very similar to precious metals. While precious metals have not hit all time highs, they were climbing extremely quick.
Bitcoin is down nearly 10K from its very recent high just s few days ago. Gold was touching the $2,000 an ounce number and silver was just under $28 an ounce.
Alt coins are currently getting crushed due to the decline in Bitcoin. Which is very similar to the way silver gets smashed when gold declines.
While I’m very aware that this is a very big crypto atmosphere, it does prove one thing.