I am no longer a farmer or regular poster and this re-post of my response in another thread is technically spam but I hope it helps you and others make your decisions.
"I got involved with crypto in an effort to support the growth of wealth creation and an alternate economy that was NOT based under Federal Reserve and governmental control.
I got into Chia, in particular, because it offered a more environmentally friendly crypto and because my gut told me (incorrectly) that Bram, as a creator of bit torrent networks, shared my anti-centralization beliefs.
The day that Chia Inc. became a partner with the World Bank I voiced my concerns here and got out soon after. I wont be a troll and continue on here ranting that everybody else should think like me so I stopped posting.
The recent UST/LUNA disaster should provide further warning to all crypto users. This was a simple attack that sold a few billion USD of UST/LUNA at a well timed moment. The attacker spent considerable cash doing this. They also shorted mass UST/LUNA and then made a huge profit. Simple scam, straight out of the movies.
All coins are susceptible to this simple attack. The stock market is a Casino and crypto is now just another table in the house.
I bought gold and silver before the pandemic. I wish I had bought more at those wonderful prices when the CAD was relatively strong. Although the prices are not as low now, I think this may be the last good opportunity to buy precious metals at a reasonable price.
Stick with Canadian and US .999 or better 1oz coins and/or grams or 50gm sheets. These are always tradable at market value and by sticking to the smaller coins and grams you avoid fake bullion and it is easier to sell or trade when the time comes.
I am not ranting on Chia. I have said and will say again that Chia’s involvement with The World Bank was a very good thing for Chia’s long term prosperity and survival. If you still feel the need to play in crypto then Chia is probably one of the better bets.
For me, there are better and easier ways to make money then dabbling in crypto, worrying about what my effort is really supporting, and having the constant concern that whatever crypto coin I have may be worth zero tomorrow.
Precious metals do not give me ulcers. Real productive work and activity doesn’t hurt me either.