I get a lot of questions from folks who want to get into crypto, but are often overwhelmed.

It seems like this whole new thing that's so different from what they've touched before.

"Louis, where do I start?"

"How can I know these exchanges are safe?"

"What platforms can I reliably use?"

These are all great questions - and I get it, it's confusing touching a whole new asset class.

But let me reassure you; you can think of these cryptos as complex-sounding software stocks. And don't just take my word for it because Bitcoin trades EXACLY like software.

Bitcoin $IBIT is the yellow line while the iShares Software ETF $IGV is the black one. Pretty damn similar, right?

This asset class has never been so accessible to outsiders. I remember back in the day, you had to go through these shaky exchanges and when you sent your hard earned funds over, it felt like it disappeared into the aether.

Well, no longer...

My go-to exchange/platform that I guide a lot of people to is Coinbase; they're doing everything right.

They're a publicly traded company under SEC oversight, operate within U.S. regulatory frameworks, and are...

Crypto is getting smoked.

The average token is now in its second >60% drawdown of the last 12 months.

It's been a tough environment to be a crypto investor.

And while Bitcoin's not in quite a pronounced drawdown, it has completed a monster top and is trading in the middle of no man's land.

The trend in crypto is down.

The bottom line is that crypto is currently sporting all the classic characteristics of a fresh downtrend.

If you want to see how we're playing these downtrends, check out this conversation between Steve Strazza and JC Parets by clicking here.