Wednesday 21 November 2018

CRYPTO'S, ask not..................from Rico

Crypto's took a beating yesterday. Again.
- But ask not why they went down so much, but rather why the went up so much in the first place?
Unlike other investments/assets, Crypto's have NO valuation metrics save for price. What does that mean?
- It means BTC at $20K is the same as BTC at $4.5K. Not much.
- It means Crypto's are a self-growing Liability, not an Asset. [Think: A-L=E...Assets minus Liabilities equals Equity aka Net Worth.]

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