Cryptocurrency runs at a much faster pace than the usual stock market. Because we are still in a dot-com like phase and we haven't found the true valuation of the whole concept, yet.
You could make a killing because you knew from history that the market usually overreacts and the 2007 financial crisis was such an event. Everything went down, even stuff that had good fundamentals, so you could scoop up lots of good stuff in 2008 at a cheap price.
Such events happen in cryptocurrencies every few months because of the increased pace. Like a few weeks ago when the whole market dumped 30% because China was flexing their muscles again and now we are about 20% up from that bottom.
So, that was easy money. But OTOH, if you bought in Q1 and just did hold since then, you would even be up 3x. Despite the dips in between. Insane performance but nobody knows if we are 10x next year or /10.
> Of course the economy was going to recover. It always does.
That's the important point. We have a long history of the stock market and we have some rules of thumb how it behaves.
We are in the exponential growth phase of a new technology and we don't know yet if the cryptocurrency hype has passed its top or not. The concept of cryptocurrencies is certainly here to stay but how much worth will it be and even more important, how much worth are the coins and tokens that exists now going to be?
Look at the history of other new technologies and try to decide where in that cycle we are right now. If that's easy money is up to you :-)
