Bitcoin & Crypto Crash 2022!!! by WJ Vincent II
Bitcoin & Crypto Crash 2022!!! by WJ Vincent II
Bitcoin & Crypto Crash!
Well here we are at “Peter’s Donuts” again! Lol, just something my brother and I have been saying since childhood whenever strange things are going on in the world, and it seems like everyone else is crazy. Okay, that might be just the way the world is from here on out..lol! Anyways, one of the things we are always encouraging at TriplePLife is for people to become “Investors”. Most people never get past being spenders, some become savers, but it is the few who master “Investing” that end up with the most financial freedom in this life. One thing that has become more and more certain in the last few years, is that a massive and fundamental shift is taking place in the way money, banking, finance, etc., is handled. The invention of Bitcoin, Ethereum, and many other cryptocurrencies has changed the way we see money. There have been numerous experts that are predicting the shift to cryptocurrency is the single biggest opportunity for wealth creation in the history of the world, bigger even than the internet! With all that being said, the entire crypto market has had a massive downward shift to start the year. Many people are freaking out, and so we thought we would take a few moments to share some thoughts on what we have been seeing and hearing about what is happening right now.
Bitcoin & Crypto Crashing What To Do!
So Bitcoin is down over 50% from its all-time high reached last year. Ethereum is down almost 50% as well. Many of the world’s investing professionals refer to these two as the Gold and Silver of the new crypto universe. However, we must make note that we are still at the beginning of a long-term shift. Bitcoin, Ether, and other cryptocurrencies have not been around long enough to truly replace things like gold, so there is a great deal more volatility. So, should you panic? Should you sell? We need to make it clear that we do not offer investment advice, there are just too many rules and regulations around doing so. We do our best to provide you with good information, education, and entertainment so you can make a good decision for yourself. Two of the most widely recognized experts in the crypto space are Michael Saylor and Raoul Pal. Both of them have substantial investments into cryptocurrencies, so they are not just “talking” about it, they are backing up their belief in what is happening by putting their entire net worth’s into bitcoin, ethereum, and other crypto investments. Raoul Pal has been discussing how there would be regular 50% drops in the space for a while, even predicting this was going to happen. You can hear directly from him by watching the following video:
Michael Saylor has started using his multi-billion dollar software company to buy and hold bitcoin. He is probably the biggest bitcoin “bull” out there. Last count he owned over 125,000 bitcoin. Despite negative news from the SEC regarding difficult accounting rules, he has stated repeatedly they will only be buyers of bitcoin, not sellers, ever. He looks at the overall situation as similar to what happened with companies like Apple, Google, Facebook, etc., but believes this will be even bigger. If you would like to get some of his perspective here is a recent video from him:
Of course there are many other experts out there, and a multitude of different opinions from crypto will be worthless soon, to bitcoin will be worth more than 29 million per coin! What is very difficult to argue with, is this is a huge change in the way business is conducted in particular banking and finance. Something that includes virtually every part of the world economy, and is still at the beginning of its growth cycle relatively speaking. We have always told people they should be investing regularly.
If you have money to invest every week, you are able to do something called dollar cost averaging. When the market is high, you are buying the same amount high, when the market is low you are buying the same amount at a lower price. As long as you consistently buy over time it should average out for you nicely. Most of the people who have been long-term bullish on crypto see this as a buying opportunity. Take that for what it is worth. Recognize nobody really knows what will happen in the short-term. Possible war with Russia, China destabilizing things, pandemic issues, inflation, all of these things can have massive short-term impacts. Long-term the prospects for crypto are still virtually unlimited. Do your own research, but whatever you do, make sure you are putting your money to work for you. Inflation is not going away anytime soon, and that means you need your money to be making money, or you will fall behind. Great Luck To Everyone!!!
“Celebrate Your Success and Find Humor In Your Failures.”
~ Sam Walton
Here’s to Empowering your dreams, Igniting Your Passion, and Accelerating Your Prosperity!
Sincerely,
WJ Vincent II
PS
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About the author, WJ
WJ Vincent II is a life long entrepreneur who has been building businesses from start-up to success for almost 30 years. Some of those businesses have been as diverse as lake-shore development in northern Wisconsin and Minnesota, day trading, advertising, telecommunications, internet, health and nutrition, as well as environmental products.