I don’t own any crypto; I’ve never owned any crypto and I will never own any crypto. That is not a stubborn refusal to recognise how wrong I’ve been. It is the expression of an ethical principle.
Despite the pressures brought about by our distorted and perverted ‘monetary’ and finance system, I will continue to only invest in enterprises that are geared toward the production of real goods and services that are affordable by a public who needs and wants them. Genuine business in other words, not pyramid scams that lack any real product and that rely on the fleeter of foot fleecing the slow movers.
And that is my whole position on not only cryptos, but all the other speculations whose only product, ultimately, is capital destruction.
The aforementioned distortions and perversions are now so ubiquitous that any sort of investment in genuine wealth-creation is foolish. Heading into a severe depression (at best) requires keeping one’s monetary powder dry.
Own Gold and silver, outside of the system, and shut up about it.
A massive financial and monetary storm is heading this way. Have a supply of food and fuel, keep your head down and your mouth shut and, until the dust has settled, just concentrate on survival.