with the exception of Bitcoin and a few others, virtually all crypto is overvalued. As posted, I sold all 32 of my #Ethereum and schnibbles I had in others. Still hold #Bitcoin in cold storage, but sold $IBIT when Bitcoin was $99k. Why? Bitcoin is digital gold and subject to price fluctuation based on liquidity, which is now tightening. The rest of the #crypto values ultimately depend on the transaction fees they collect. I had a hard time reconciling what that would be intermediate and long-term, so took the 6x on Ethereum and gains on others. I think I'm back, but, could be much lower imo.
#Ethereum #Bitcoin #IBIT