I think they are being manipulated. How can the average person afford to buy many of these coins at these prices? Remember, the cryptos are up hundreds-thousands of percents over the past couple of months. That is bubble territory. And I think governments and deep state is definitely getting involved at this point because there is so much involved in destroying the status of major centrally controlled currencies...
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Yes, when you think about it logically they'd be stupid not to try and destroy cryptos, they have everything to lose.
Yupp, 100 billion dollars has technically been funneled out of the mainstream currencies into cryptos and its still expanding. ill take cryptos over the ponzi scheme currencies any day.
I look at it like this, at the moment I'm making money from cryptos so manipulation doesn't stop me, actually I benefited from last week's crazy market. But I'm going to stay diverse, not too much in one crypto and maybe a little gold/jewellery.
I wish I had enough to take advantage of last week's downturn...most cryptos have essentially recovered already. Ethereum is back over 300...and definitely gold and silver are surging the past couple of days because we are (unofficially) in a recession. It is going to get a lot worse, so crypto/precious metal adoption will become even more mainstream.
At this rate you'll get plenty more chances to buy low don't worry.
I hope youre right! Saving up! Get some gold and silver, they are more stable and people flock to them during seriously turbulent times. Also, I followed and upvoted you. lmk if you are interested in joining a steem engagement group!