It seems like this year those who don't have cryptocurrency will lose all

[Fiatless]

But i like all what happens a lot people will lose a lot wealth because they don't have funds in their cryptocurrency wallets anything else can be confiscated even gold can be confiscated easy and all those retirement dream funds are just "fools pipe dream"

what we see is that trump will transfer all the wealth from old financial sector into new and you want to be there early before so you benefit.

Cryptocurrency is future that's for sure and new money system will be backed by btc and altcoins the btc and altcoins are new digital gold.

People who keep their wealth in fiat or centralized platforms can easily lose it because the government can easily confiscate them. I remember when the government of my country was promoting de-dollarization, and people were forced to change their dollars to local currency. The government can even seize funds for other reasons.

Keeping your money in decentralized crypto like Bitcoin will be a good option. It is also important to keep cryptocurrencies in non-custodial wallets because keeping funds in centralized platforms like exchanges is not ideal. Investing in Bitcoin is profitable and is a good hedge against inflation.

[kaya11]

I also heard about those doom guys on youtube saying stock market is going to go zero but why would crypto be any different when it comes to value?

What happens in stock market also happens in crypto market which if they are affected we are all affected.
What advantage does people if they own cryptocurrency?  If they store it on private wallet, they have the advantage.

Unlike stocks market crypto is based on what the people believes, it's holders are what makes it valuable not some sort of centralized government or in case of goods are it's abundancy. You could easily see your advantage if you see the price of bitcoin from 2009 up to this point. Those increase are massive and if you were an early investor I am very sure would be a millionaire right up to this moment.

[_BlackStar]

-snip-

Unlike stocks market crypto is based on what the people believes, it's holders are what makes it valuable not some sort of centralized government or in case of goods are it's abundancy. You could easily see your advantage if you see the price of bitcoin from 2009 up to this point. Those increase are massive and if you were an early investor I am very sure would be a millionaire right up to this moment.

Why do you think holders make an asset valuable?
Asset holders simply hold and store the asset somewhere after they buy it - its price changes over time due to supply and demand, the asset holder does not change anything other than its future sentiment. If an asset only has holders without any supply and demand - its price will not change, its volatility is non-existent, its price is just stable without generating any profit.

About of bitcoin - it seems to be sideways at $85K to $87K for the last 24 hours. I haven't seen any signs of the market recovering and testing the $90K resistance - but I tend to worry about a further correction to $80K. Hopefully I'm wrong - but there are certainly concerns lately.