WTF is now wrong, all cryptos down?

[W Fish]

Have I misunderstood something, or how was it supposed to be?

BTC was invented partly because of the financial crisis in 2008 or the IT bubble in 2000, it was meant to be a resistance to the financial markets.

Now, over 20 years later, all cryptocurrencies are making just as much as the financial markets do.

It doesn't quite work as planned.

Which financial market has BTC not vastly overperformed since 2000 or 2008?

 

[bubbledouble]

Which financial market has BTC not vastly overperformed since 2000 or 2008?

you read me wrong, it is not what I'm saying.

 

[JohnnyDoe]

btc keeps dying so well
When will everyone know that you shall never sell btc?

 

[Houdini]

btc keeps dying so well
When will everyone know that you shall never sell btc?

I keep the BTC for now, but must say I have a lot of fear these weeks including today

 

[W Fish]

I keep the BTC for now, but must say I have a lot of fear these weeks including today

An aborigen might be afraid (have fear) of solar eclipse. A person who has studied basic astronomy is not afraid of it - he understands it and takes it as normal.
Same here.

 

[daniels27]

An aborigen might be afraid (have fear) of solar eclipse. A person who has studied basic astronomy is not afraid of it - he understands it and takes it as normal.
Same here.

Why so mean to him?

Solar eclipses cab be predicted millennia in advance. Bitcoin movements not.

Astronomers are afraid of asteroids. Crypto traders are afraid of Trump or Musk posting something online about crypto.

 

[cherry]

Yeah analogies are pointless. The fact remains BTC is being commandeered by the exact governments and institutions that BTC was supposed to liberate us from, and misused by the sheep treating it as a speculative asset. If it ends in disaster, it should be of no surprise any more. Even if price doesn't tank, BTC's purpose is dead now.

 

[TheCryptoAnt]

sup yall

If it breaks the low and holds it I'll exit most of my hedge.

Imma go to Japan to eat Tonkatsu in the meantime
Good luck

 

[Dreamy]

would you buy BTC, ETH, SOL now with this price? with the intention of holding for a year/years/forever and get x2-100

 

[cryptofriendly]

would you buy BTC, ETH, SOL now with this price? with the intention of holding for a year/years/forever and get x2-100

Yes, but BTC only, as it's the only crypto that is sure still to exist, and have a higher value than today in 3, 7, 11 years.
But I wouldn't expect 100x anymore.

 

[Marshal]

would you buy BTC, ETH, SOL now with this price? with the intention of holding for a year/years/forever and get x2-100

I would exclude SOL from that list

 

[void]

I would exclude SOL from that list

in what properties does ETH beat SOL?

 

[Houdini]

I would exclude SOL from that list

Can you please elaborate, it is US$132 and was up 260 not long time ago?

 

[SoNewToAllShit]

One has to admit that instead of Trump giving the crypto market a serious boost upwards, the exact opposite has happened ever since he took office. That man is the devil himself.

 

[sebastian]

Gold is performing better than crypto these days, much more stable!

 

[cryptofriendly]

Gold is performing better than crypto these days, much more stable!

Of course, China is selling US debt and gold is their first choice. The BRICs aren't stupid.

As soon as everyone realizes that Trump's war on economy can only be solved with the money-printers
going brrrrrrrrrrrrrrrrrrrrrrrrr around the world, crypto will follow. So funny, that the US government and it's
policies are killing the appeal of the US dollar as reserve and trading currency around the world.

But maybe it's all just a deception, and burning the economies around the world is their way to bring in CBDCs - create the problem to make people accept their solution.

At the current state, I wouldn't be surprised if they crash and burn the economy so hard, that they flip on
crypto and try to ban it again. With CBDCs, they could actually finally succeed blocking people from using it to buy/sell crypto (and gold, and anything they don't like you to consume or purchase).

I bet they'll argue 'only speculators use crypto', and the useful neomarxist idiots will all applaud and sit in social distance in their flats buying Bill Gates 'food replacement' with their universal basic income.