This thing just goes on and on. Today Bitcoin is at around $86,000.00 and the market cap is below 3 Trillion USD. Just a few months ago Bitcoin was at over $120,000.00 and the market cap was at about 4 Trillion USD. So just think about that, in a few short months, crypto has lost about 1 Trillion USD in value. A huge loss. Yes, I know it is only a loss if you sell, but I bet a lot of people have already gotten rid of a lot of crypto.

Now, why this huge drop in prices? Especially noticeable in Bitcoin, the driving force behind this market. My take is the biggest cause of this is merely speculation. We are bombarded every day with doom and gloom stories that really scare people. Then some big holders sell what they have, scared people, seeing this sell off, and then it is a stampede. result? Th e market crashes and reaches very low lows. And it is then that the people who created the panic in the first place, start to buy up everything at the new low price. This buying sprees will make crypto go up, and the big player just keeps on winning.

Now, at this moment, if I had money I would buy a nice amount of crypto. But I am saying this precisely because I can't do it. If I had money I would probably stall, think it over, think it over again, and since in the end I am a coward I would buy nothing. And this is funny, because I am a gambler and like slot machines and even though I always lose I am not afraid of risking my money there. I am a very good pool player but when I play for money I get scared. I think I have some psychological problem about money. But right now I have close to $100.00 in USDC, I am going to buy some crypto that I think will explode and hope for the best. Maybe next time I write here I will own a lot of expensive tokens.