Curious how long the crypto.com arena will stay with that name, one year into the naming rights lease…
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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
#12"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…
OMG nothing of value was lost. Now I can even invite my crypto nephew to Thanksgiving this year.
Re: The crypto crisis has created an advertising vacuum
#13Curious how long the crypto.com arena will stay with that name, one year into the naming rights lease…
Usually it sticks until someone pays to rename it.
WaMu Theater in Seattle is still called that even though WaMu went under during the financial crisis. (Though now it stands for Washington Music.)
Re: The crypto crisis has created an advertising vacuum
#14Could this be the link that ties the shitcoins to the main economy? Advertising? That would be very ironic, given that a lot of tech today is based on ads. It is especially ironic that it appears that FB and GOOG (and so many other free apps) may have been quietly propped up by crypto money.
Re: The crypto crisis has created an advertising vacuum
#15"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…
What’s interesting about this crash is prices are still so high. Bitcoin is close to 20,000$ right now. So there are still huge paper losses, but I doubt that many bought in at just 20+k.
It’s odd to look prices dropping to 1/3 and think thing things could get a lot worse or it could turn into just another blip on a larger upwards trajectory.
Re: The crypto crisis has created an advertising vacuum
#16Earlier quoted context omitted.
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
Yes, but extrapolating current behavior to the future is risky, especially when just extended a bit further the result is obviously ridiculous-- like a large negative price.
Re: The crypto crisis has created an advertising vacuum
#17Bitcoin 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.
In my mind anything more than 5 bucks is a lot for a currency you cannot buy anything with.
Re: The crypto crisis has created an advertising vacuum
#18"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…
What’s interesting about this crash is prices are still so high. Bitcoin is close to 20,000$ right now. So there are still huge paper losses, but I doubt that many bought in at just 20+k. It’s odd to look prices dropping to 1/3 and think thing things could get a lot worse or it could turn into just another blip on a larger upwards trajectory.
One bitcoin could be worth $20 or $200 000 in one year.
Which is just one of the reasons why it's a bad store of value or medium of exchange.
Re: The crypto crisis has created an advertising vacuum
#19Could this be the link that ties the shitcoins to the main economy? Advertising? That would be very ironic, given that a lot of tech today is based on ads. It is especially ironic that it appears that FB and GOOG (and so many other free apps) may have been quietly propped up by crypto money.
The % of all ads devoted to crypto surely must be a trivial %
Re: The crypto crisis has created an advertising vacuum
#20"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…
It’s a demonstration of the societal value of bad businesses going under. There are certain ideas that people just cannot be swayed against by evidence, especially if they have skin in the game.
The real destructiveness of crypto is the other ideas that have been starved for oxygen during this bubble. I am glad it looks like we are beginning to move on.