Greetings friends!

I was expecting crypto price to go up. But what happened? Within a few hours crypto market started crashing. Bitcoin was above $124k and withing a few hours it crashed to $108k. Solana is down 14%. Hive and steem price dropped more than 20% within a few hours. In less than 24 hours, over $19 billions were wiped out.

(pixabay free image)

Yes, Trump's decisions are behind this but it must be realized that crypto market has no significant base. They are just tokens on internet which can be created by anyone. Thus, we have thousands of cryptocurrencies in markets. Crypto also very vulnerable. A single news or event can render them to zero value. This is the reality which we must accept honestly.

Nothing in this world is permanent but cryptos are highly volatile. You won't agree with me but it is true that cryptos can never replace fiat, they can never be accepted as we accept silver and gold. Cryptos wil definitely recover one day but they can never be the trustworthy asset. You should not invest all of your wealth in crypto assests. You should invest only the portion of money which is left after investing in safe assests. You should invest wisely. There is no safety in investing those crypto assests which have no valid object, strategy and acceptability. Especially, when Trump's policies, current world situation, wars, disparities and disruptive situations are there to crash the whole economy, it becomes utterly important to take informed decisions.

I have invested only a portion of my money in cryptos. I have over 16k Hive tokens, steem tokens etc. I am not worried about it as I already had prepared for the worst case scenario. I am ready to lose this.

Hive-engine is also not working. Is this the result of this crash?

That's it.

Thanks!