‘It's a Bloodbath’: The Crypto Crash Is Real
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Re: ‘It's a Bloodbath’: The Crypto Crash Is Real
#2You hate to see it
Re: ‘It's a Bloodbath’: The Crypto Crash Is Real
#3No post body was provided.
Re: ‘It's a Bloodbath’: The Crypto Crash Is Real
#4A big issue with Crypto is that there is no floor. It also trades 24/7. So there is no cool down period if people start to panic. So we are seeing the result of that. People are panicking and will sell as soon as they see their gains start to disappear. It's not the first time and it won't be the last.
It needs a shakeout and it will be stronger once it stops. There are going to be lots of people who will pick up some great bargain since at some point it will reverse course. Unfortunately no one knows that number.
Re: ‘It's a Bloodbath’: The Crypto Crash Is Real
#5A big issue with Crypto is that there is no floor. It also trades 24/7. So there is no cool down period if people start to panic. So we are seeing the result of that. People are panicking and will sell as soon as they see their gains start to disappear. It's not the first time and it won't be the last. It needs a shakeout and it will be stronger once it stops. There are going to be lots of people who will pick up som…
> It also trades 24/7
For some reason it seems highly correlated to U.S. equities (stock market).
Does it do much after hours compared to when stocks are also trading? (9:30am-4pm Eastern)
Re: ‘It's a Bloodbath’: The Crypto Crash Is Real
#6A big issue with Crypto is that there is no floor. It also trades 24/7. So there is no cool down period if people start to panic. So we are seeing the result of that. People are panicking and will sell as soon as they see their gains start to disappear. It's not the first time and it won't be the last. It needs a shakeout and it will be stronger once it stops. There are going to be lots of people who will pick up som…
> It also trades 24/7 For some reason it seems highly correlated to U.S. equities (stock market). Does it do much after hours compared to when stocks are also trading? (9:30am-4pm Eastern)
Yes, you're right, there is a correlation but I've seen bitcoin have big moves outside the stock market's trading hours. Big moves can happen at any time.
Re: ‘It's a Bloodbath’: The Crypto Crash Is Real
#7There is no "crypto crash."
There is "everything crash."
Crypto, stocks, baby formula, war.
The world has turned into an insane clown world.
There are evil people out there, and they fuel the flames.
Instead of building, they steal, instead of creating, they destroy.
They are driven by a belief in scarcity--that for them to have, others must not.
The people who cheer at this mayhem are fools who think they missed out. They can't stand other people making money. Because they can't stand artists making money. Because they can't stand women making money. Because they can't stand people from "foreign countries" making money.
They'd rather see the world burn or go back to the dark times.
This is foolish and small-minded.
In crypto, there is a floor. It is ZERO. It is "no crypto."
What crypto doesn't have is the ceiling.
There is no ceiling.
It is not a zero-sum game.
WHEN YOU BUILD, MERIT ACCUMULATES. THERE IS NO LIMIT TO THE AMOUNT OF MERIT ONE CAN ACQUIRE.
The benefits should flow to everyone and not some at the cost of the others.
Re: ‘It's a Bloodbath’: The Crypto Crash Is Real
#8There is no "crypto crash." There is "everything crash." Crypto, stocks, baby formula, war. The world has turned into an insane clown world. There are evil people out there, and they fuel the flames. Instead of building, they steal, instead of creating, they destroy. They are driven by a belief in scarcity--that for them to have, others must not. The people who cheer at this mayhem are fools who think they missed out…
> “They are driven by a belief in scarcity--that for them to have, others must not”
You’re talking about Bitcoin and NFT enthusiasts, right? Because a belief in scarcity, no matter how artificial, is precisely what drives them.
Re: ‘It's a Bloodbath’: The Crypto Crash Is Real
#9There is no "crypto crash." There is "everything crash." Crypto, stocks, baby formula, war. The world has turned into an insane clown world. There are evil people out there, and they fuel the flames. Instead of building, they steal, instead of creating, they destroy. They are driven by a belief in scarcity--that for them to have, others must not. The people who cheer at this mayhem are fools who think they missed out…
>There is "everything crash."
If everything crashed simultaneously at exactly the same rate, there would be no change in any prices at all.
The Earth is travelling around the sun at almost 20 miles per second and yet you don't feel it.
Re: ‘It's a Bloodbath’: The Crypto Crash Is Real
#10There is no "crypto crash." There is "everything crash." Crypto, stocks, baby formula, war. The world has turned into an insane clown world. There are evil people out there, and they fuel the flames. Instead of building, they steal, instead of creating, they destroy. They are driven by a belief in scarcity--that for them to have, others must not. The people who cheer at this mayhem are fools who think they missed out…
This post is an "insane clown world".