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