Flip a coin – bumpy ride for the crypto-faithful

The following is a news opinion and NOT financial advice.

If you’re into trading or investing in cryptocurrencies you already know it’s been a rocky ride. Just one roller coaster crypto-ride – Bitcoin – stands out since it hit a peak on November 8 last year. And has tanked 70% of its perceived value since.

Today the online crypto-gurus are still promoting the narrative that the good times are still ahead, that crypto currency will recover and eventually exceed their past highs, etc, etc. Like the religious faithful, it’s in their best interests to gather more followers (investors) to the flock.

But there have been a few red flags over the past month that even the most enthusiastic crypto-zealots must be a bit nervous about (though they’d never admit it publicly).

Keep in mind that there are few regulations or controls on most cryptocurrencies and, whilst there are…