I don't think it will die as such just fade away
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Well I mean you did state in this post that you speak to a lot of crypto holders from taxi drivers, to hotel workers, about the next hot thing, so not really a tangent.
Sure I've said previously I have a healthy 6 figures in Bitcoin. Take it as you please
I also have 0 debt, hold stocks, and even have some gold and silver as I've mentioned before.
Well, I'd say you would be one of the larger holders of Cryptos in NZ .. I never met anyone in person who's had all that much invested yet they all believe it could be worth millions.. IMHO as long as you're not selling your home or ticking up loans for it ..then gamble away .. I don't mind a gamble on my TAB/CFD/Casino accounts at times.. insane leverage on the likes of OIL Gold can turn a few hundred into tens thousands if you have the balls to hold
I don't know any in New Zealand either JB, one day I hope you come around. I wouldn't be here talking smack if I hadn't done the work, yet we deserve a victory lap after 2.5 years of mocking !!
I've always tried to help others understand Bitcoin (not crypto) better without telling them to invest. Yet the challenge faced is mockery, uneducated opinions, snap decisions and insult. I believe this is where the term toxic Bitcoin maxi comes from, when you finally give up and just give it back!
Anyway, if you ever change your mind I'm happy to share education with you via private message.
I limit crypto exposure to ~5%. I am almost happy to risk hat much for the asymmetric upside. It helps with my fear of FOMO and also see it as a good way to learn to handle volatility. That said, it's fundamentally a solution looking for a problem. It's currently got little utility but you can make a lot of money if you are on the right side consistently. Programatically, crypto is also very accessible to software at relatively low cost compared to other markets
Apple dragging down index's today
Apple’s iPhone Woes in China Deepen With a 24% Sales Plunge
https://www.bloomberg.com/news/artic...=homepage-asia
mag7 trade might not be mag7 anymore ?
ytd returns
microsoft 9%
meta 41%
amazon 16%
apple -8%
tesla -28%
alphabet - 6%
nvidia 72%
chart still looks good overall at moment
CNBC Magnificent 7 Index
https://www.cnbc.com/quotes/.MAG7
The equal weighted s&p500 is not looking to bad either. All but ATH's
Attachment 14978
Non productive assets are hitting all time high. Mixed signals from the commodity market. Always market is creating new opportunities for intelligent stock and commodity picker. Good thing is some of our
stocks also could get hit new all time high before the next market sell-off.