RE: UK shares near record cheap levels after Brexit, says J.P.Morgan9 Nov 2021 08:58
Now is not the time to put in crypto. Quite the opposite. It’s at it’s all time peak. It doesn’t go much higher than this.
Crypto is a permanent (unless outlawed by governments due to people squirrelling their money away, therefore not in circulation, and not paying taxes) … crypto is a permanent crash event. It’s a perfect game of continuously pumping money out of gamblers. It goes up to its level, people get out and take profits, it crashes. The not-so-clever gamblers lose. Then it starts all over again. You’re looking at multiple crash events over multiple years. Its a yearly, bi-yearly subprime crash event. It’s a very fast get rich quick scheme. Until it isn’t. Be very careful if you’re gambling on it.
If the clever gamblers know what’s good for them they’ll be investing the profits in assets. Then reinvesting their ‘stake’ at the next bottom.