NEW YEAR'S REFLECTIONS.
1) The crypto universe can be compared to a fourth division of football. In the world of investments, we have the big banks, the stock markets, precious metals and, then, still in its infancy, cryptocurrencies.
In the most fortunate countries on the planet, there is almost no investment in cryptocurrencies (except in the USA), and the vast and overwhelming majority of the origin of crypto money comes from developing countries such as the Philippines, Iran, Brazil, Nigeria, India, Venezuela, among others.
And sometimes I wonder if people like Musk and Trump are the best suited to be considered the bastions of the economies of the people of these nations.
2) The simple idea that any asset, whether cryptocurrency or not, that is in the portfolios of thousands or millions of people, could rise so much that it could quickly multiply by 10 or even more, irritates me. Not because I want to get in the way of anything or because I'm a negative person. On the contrary, if we consider that to be positive it's essential to have your feet on the ground, then I'm quite positive. It turns out that this movement that people imagine will lead thousands of people to wealth overnight just by having a certain currency is an insult to my reasoning ability. Money isn't manufactured here. This market isn't the USA, which has a dollar factory. Here we simply circulate what we already have; we don't produce a single new dollar. How then does anyone dare to dream that a newly launched currency would be able to lead millions to wealth? Whose dollar losses would be proportional to the new wealth of the crowd? Well, I bet the "moon" crowd doesn't have that answer.
Ah, they might say, but don't you believe that you can become a millionaire here? And I reply, of course I do, but to do that you can't be in the same movement as the crowd. You have to always be in the opposite movement and, even then, navigate carefully because small mistakes can knock you down all at once.
#dolar $BTC