RE:up is down and down is up?This reminds me so much of the dot.com bubble. I'm sure you feel the same.
In any event I'm to old to speculate on the cyrpto ponzi scheme. If I were much younger
I might throw something at it for fun realizing that it might go to zero. I like Blockchain technology just not BITCOIN ro any other virtual coin at this point. Found this article that summarizes my concerns pretty well. Cheers.
https://www.fool.com/investing/2020/10/17/10-reasons-bitcoin-is-a-terrible-investment/