What a gloomy sight this was today with all the news about the crypto market losing billions and people having their investments wiped from millions in their accounts to now only worth hundreds of dollars. It sounded like a lot of people took their life as well. While this is a common story of investments in general where many advise that you should only invest what you are willing to lose, due to the nature of crypto and being able to track everyone people were starting to talk about foul play.
It was fundamentally like insider trading as you could see so many accounts selling just before the crash and accounts that were newly created that purchased big just as things fell to then quickly sell it off for fast money. That is making people think how not even crypto investments are safe from say corruption if all that is true to the point where it would stress you need to treat it as a high-risk investment.
I personally always viewed crypto as risky in general as it seems to be used like some casino at the moment. Especially with all the meme coins. I suppose just working hard and creating a good business is still something you should focus on.