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The crypto crisis has created an advertising vacuum

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Re: The crypto crisis has created an advertising vacuum

#2
Will the meme economy destabilise the economy? Millions speculating on all types of shares and exotic investments.

As discussed in another post, news move faster than ever. Would not you like to be the next early investor in a successful trend. You don't need to care of "the thing" has value or not, you just need to sell the hot potato before it burns you.

One possible learning use the cryptocurrencies were a bad investment and a cost to the planet. Another one is that unregulated markets are good for early investors. Don't let stop you that probably when you hear about it it's already too late.

I do not know if the "real economy" will be same to handle this big bags of money that go as fast as they came. (Ads, GPUs, energy, ...)

Re: The crypto crisis has created an advertising vacuum

#3
"And nothing of value was lost." This was one of the top voted posts in the Austin subreddit recently: https://old.reddit.com/r/Austin/comments/vmtmul/finally_some...

Seriously, during other crashes, I remember thinking of the real negative externalities that happened during the crash, e.g. many economists have drawn lines to the current housing supply crunch due to underinvestment after the Great Recession.

I don't feel any of that now. I primarily feel that a bunch of grifter scams are finally getting washed away, and then what you're left with are products that are searching for use cases where they aren't worse in every way than currently available products.

Re: The crypto crisis has created an advertising vacuum

#6
post #5

Bitcoin has been dropping about 10k per month the last few months. The next big 10k drop should come around the middle of July, and in August I predict the price will be in the low thousands.

I'm also bearish on crypto, but by that logic it will be at -10k three months from now.

Re: The crypto crisis has created an advertising vacuum

#7
post #6
post #5

Bitcoin has been dropping about 10k per month the last few months. The next big 10k drop should come around the middle of July, and in August I predict the price will be in the low thousands.

I'm also bearish on crypto, but by that logic it will be at -10k three months from now.

Maybe after 10k it just halves every month.

Re: The crypto crisis has created an advertising vacuum

#10
post #6
post #5

Bitcoin has been dropping about 10k per month the last few months. The next big 10k drop should come around the middle of July, and in August I predict the price will be in the low thousands.

I'm also bearish on crypto, but by that logic it will be at -10k three months from now.

right now the decline still seems to be at a constant rate
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