For anyone who invested at the top of the crypto hype cycle over the past few weeks, today is a reprise of “Black Tuesday.” By October 29, 1929, the Wall Street Crash had ended the Roaring 20s. This “very bad day” in crypto is a day where the faint of heart and newbies will take a gigantic beating, while HODLers will welcome the buying opportunity at bargain basement prices. The sun will come up tomorrow… or will it? Other than the obvious bursting bubble, is there anything to be learned from this brutal sell-off?
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.