{"id":32578,"date":"2021-05-25T21:24:53","date_gmt":"2021-05-26T01:24:53","guid":{"rendered":"https:\/\/philip.greenspun.com\/blog\/?p=32578"},"modified":"2021-05-25T21:24:53","modified_gmt":"2021-05-26T01:24:53","slug":"is-the-crypto-crash-a-buying-opportunity","status":"publish","type":"post","link":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/","title":{"rendered":"Is the crypto crash a buying opportunity?"},"content":{"rendered":"\n<p>Bitcoin and Ethereum have been down lately, right? <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28-1520x798.png\" alt=\"\" class=\"wp-image-32579\" width=\"549\" height=\"288\" srcset=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28-1520x798.png 1520w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28-1024x538.png 1024w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28-300x158.png 300w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28-768x403.png 768w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28-1536x807.png 1536w, https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28.png 1729w\" sizes=\"auto, (max-width: 549px) 100vw, 549px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>Could this be the right time to buy for those of us who have mostly missed the cryptocurrency wave?<\/p>\n\n\n\n<p>I recently heard about an alternative to Bitcoin that is also popular with criminals seeking ransom. Here are the characteristics:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>administered from central server<\/li><li>no limit to supply<\/li><li>25 percent of the supply minted in last 6 months<\/li><li>1 percent of holders control 30 percent of the currency<\/li><li>27 trillion units circulating in the system<\/li><\/ul>\n\n\n\n<p>A good time to jump in?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ethereum have been down lately, right? Could this be the right time to buy for those of us who have mostly missed the cryptocurrency wave? I [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[70],"tags":[],"class_list":["post-32578","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is the crypto crash a buying opportunity? - Philip Greenspun\u2019s Weblog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the crypto crash a buying opportunity? - Philip Greenspun\u2019s Weblog\" \/>\n<meta property=\"og:description\" content=\"Bitcoin and Ethereum have been down lately, right? Could this be the right time to buy for those of us who have mostly missed the cryptocurrency wave? I [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/\" \/>\n<meta property=\"og:site_name\" content=\"Philip Greenspun\u2019s Weblog\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-26T01:24:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1729\" \/>\n\t<meta property=\"og:image:height\" content=\"908\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"philg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"philg\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/\"},\"author\":{\"name\":\"philg\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e\"},\"headline\":\"Is the crypto crash a buying opportunity?\",\"datePublished\":\"2021-05-26T01:24:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/\"},\"wordCount\":90,\"commentCount\":16,\"publisher\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e\"},\"image\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28-1520x798.png\",\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/\",\"url\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/\",\"name\":\"Is the crypto crash a buying opportunity? - Philip Greenspun\u2019s Weblog\",\"isPartOf\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28-1520x798.png\",\"datePublished\":\"2021-05-26T01:24:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#primaryimage\",\"url\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28.png\",\"contentUrl\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28.png\",\"width\":1729,\"height\":908},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/philip.greenspun.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Is the crypto crash a buying opportunity?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#website\",\"url\":\"https:\/\/philip.greenspun.com\/blog\/\",\"name\":\"Philip Greenspun\u2019s Weblog\",\"description\":\"A posting every day; an interesting idea every three months...\",\"publisher\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/philip.greenspun.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e\",\"name\":\"philg\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg\",\"url\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg\",\"contentUrl\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg\",\"width\":2047,\"height\":2560,\"caption\":\"philg\"},\"logo\":{\"@id\":\"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg\"},\"url\":\"https:\/\/philip.greenspun.com\/blog\/author\/philg\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Is the crypto crash a buying opportunity? - Philip Greenspun\u2019s Weblog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/","og_locale":"en_US","og_type":"article","og_title":"Is the crypto crash a buying opportunity? - Philip Greenspun\u2019s Weblog","og_description":"Bitcoin and Ethereum have been down lately, right? Could this be the right time to buy for those of us who have mostly missed the cryptocurrency wave? I [&hellip;]","og_url":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/","og_site_name":"Philip Greenspun\u2019s Weblog","article_published_time":"2021-05-26T01:24:53+00:00","og_image":[{"width":1729,"height":908,"url":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28.png","type":"image\/png"}],"author":"philg","twitter_card":"summary_large_image","twitter_misc":{"Written by":"philg"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#article","isPartOf":{"@id":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/"},"author":{"name":"philg","@id":"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e"},"headline":"Is the crypto crash a buying opportunity?","datePublished":"2021-05-26T01:24:53+00:00","mainEntityOfPage":{"@id":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/"},"wordCount":90,"commentCount":16,"publisher":{"@id":"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e"},"image":{"@id":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#primaryimage"},"thumbnailUrl":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28-1520x798.png","articleSection":["Cryptocurrency"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/","url":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/","name":"Is the crypto crash a buying opportunity? - Philip Greenspun\u2019s Weblog","isPartOf":{"@id":"https:\/\/philip.greenspun.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#primaryimage"},"image":{"@id":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#primaryimage"},"thumbnailUrl":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28-1520x798.png","datePublished":"2021-05-26T01:24:53+00:00","breadcrumb":{"@id":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#primaryimage","url":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28.png","contentUrl":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2021\/05\/image-28.png","width":1729,"height":908},{"@type":"BreadcrumbList","@id":"https:\/\/philip.greenspun.com\/blog\/2021\/05\/25\/is-the-crypto-crash-a-buying-opportunity\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/philip.greenspun.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Is the crypto crash a buying opportunity?"}]},{"@type":"WebSite","@id":"https:\/\/philip.greenspun.com\/blog\/#website","url":"https:\/\/philip.greenspun.com\/blog\/","name":"Philip Greenspun\u2019s Weblog","description":"A posting every day; an interesting idea every three months...","publisher":{"@id":"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/philip.greenspun.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/philip.greenspun.com\/blog\/#\/schema\/person\/448e4e6a0ae9105741a06dcf62cee50e","name":"philg","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg","url":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg","contentUrl":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg","width":2047,"height":2560,"caption":"philg"},"logo":{"@id":"https:\/\/philip.greenspun.com\/blog\/wp-content\/uploads\/2025\/11\/20210525-philip-greenspun-sea-turtle-release-scaled.jpg"},"url":"https:\/\/philip.greenspun.com\/blog\/author\/philg\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paokyZ-8ts","_links":{"self":[{"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/posts\/32578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/comments?post=32578"}],"version-history":[{"count":1,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/posts\/32578\/revisions"}],"predecessor-version":[{"id":32580,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/posts\/32578\/revisions\/32580"}],"wp:attachment":[{"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/media?parent=32578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/categories?post=32578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/philip.greenspun.com\/blog\/wp-json\/wp\/v2\/tags?post=32578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}