A few days ago, I sent an article about the massive volatility found in Crypto-coin LUNA. The idea was to offer you a chance to understand the emotional impact of enormous price fluctuations. Some found it instructive. Handling volatility
My brother-in-law JB sent me an article that he received today. https://www.equedia.com/why-did-crypto-crash/
The gist is someone made the LUNA collapse. On Purpose. It’s hard enough to try to understand crypto, but how do you deal with manipulated crypto? What emotion does that create, and how do you assess your response?
Crypto is an unregulated market. If situations exist where someone could take advantage of that without adverse consequences, it will undoubtedly happen. Once it is obvious it can be done, it will happen more.
In cases where manipulation is possible, the trend is not your friend. Pay attention to volatility. It’s a clue.
I build strategic, fact-based estate and income plans. The plans identify alternate ways to achieve spending and estate distribution goals. In the past, I have been a planner with a large insurance, employee benefits, and investment agency, a partner in a large international public accounting firm, CEO of a software start-up, a partner in an energy management system importer, and briefly in the restaurant business. I have appeared on more than 100 television shows on financial planning. I have presented to organizations as varied as the Canadian Bar Association, The Ontario Institute of Chartered Accountants, The Ontario Ministry of Agriculture and Food, and Banks – from CIBC to the Business Development Bank.
Be in touch at 705-927-4770 or by email at email@example.com.