FUD Effect on Crypto

What we have seen yesterday was a pure result of our fears.

For me this was expected, and no reason to panic.

Many people jumped late on the crypto train (a high speed train), and had no time to understand what Bitcoin is, and what is about all the Altcoins.

Independent on the amount of FUD (fear, uncertainty, and doubt), there's no change in the fundamentals of cryptocurrencies:

image by Sabrina Jiang © Investopedia 2020

Bitcoin is here to stay.

Yes, it is a high risk investment. The same as buying Google in the early days, or shares in the companies developing genetic medicine these days.

High risk invest, high potential.

We will see again episodes like the one on Wednesday... and this is a good thing, because it proves to us the true value of cryptocurrency: highly unregulated.