Let's see what's the Monday miday price is like:
Hyflux stock price: $0.265
Hyflux pref stock: $77.70
Hyflux perp bond: $0.600
Since my post 3.5 weeks ago when I was shitting all over Hyflux?
Hyflux stock price: -29%
Hyflux pref stock: -18%
Hyflux perp bond: -20%
Since my post almost 2 years ago when I was shitting all over Hyflux back in 2016?
Hyflux stock price: -53%
Hyflux pref stock: -24%
Hyflux perp bond: -40%
(I know I didn't count coupons. I'm lazy and the shittier returns makes me look better)
It sure seems that I like shitting on Hyflux a lot. And for good reasons (evidently).
I'm not trying to say I'm an oracle. (I won't be upset if you call me one though *wink*)
My point that I'm trying to make is that, yes cryptos are risky. But freaking hell, traditional investments are risky too!
You know what's the saddest thing about this whole Hyflux shit? The majority of the people holding onto these toxic assets are not the savvy investors. They are the mom and pop investors that got lured in by a high yield number.
The same thing happens in the crypto world where noobs end up holding worthless bags and bags of rekt shitcoins. (And let's be honest, 90% of cryptos are trash and you will lose money on them)
Do you not see the parallels?
So everything has risks. As volatile as crypto is, VOLATILITY IS NOT RISK. Even within the crypto asset class, there are less risky options and very risky gambles. Just like the traditional stock market.
If you can't recognize that, you're just letting your bias of "cryptocurrencies are in a bigger bubble than tulips" clout your thinking.
If you don't know, just say don't know. Don't act like you know. Got no prize to win. Thanks.
I will not rest until I am no longer seen as the "crazy crypto blogger". RESPEK MI.