snowball.moneyBoom and Bust

Over the years, there have been many cycles of boom and bust in financial markets in the U.S. The stock market as a whole, of course, has had more than its share of ups and downs. Though the infamous Wall Street crash of 1929 looms large, one doesn’t have to look any further back than the financial crisis of 2007–08 for a contemporary example. In addition, certain segments within our financial sector have also plummeted, remembering in particular the "dot.com" crash of March 10th, 2000. The housing market hasn’t been immune either. In December 30, 2008, the Case–Shiller home price index reported the largest price drop in its snowball.money history. Commodities are not immune either. The price of gold rose 7-fold during a 12-year bull market, hitting its all-time peak of over $1900 in 2011, only to fall precipitously during a wild selling spree in 2013. And, of course, we can’t forget "Silver Thursday", causing the Hunt Brothers to lose over a billion dollars and eventually declare bankruptcy as the price of silver fell through the floor. Need a more humorous example? Think Beanie Babies! Even fiat currency can go boom and bust. Venezuela, for instance, had the strongest economy in South America from the 1950s until the early 80s. Now it suffers from an inflation rate of nearly 60%! The value of the currencies of Iran and Argentina are also in free-fall. Is the crypto space on the verge of repeating this same tragic pattern? What can you do to protect your cryptocurrency investments?