This is true. … And yet:
Dow Jones: down 1% today
NASDAQ: down 3% today
Bitcoin: down 8% today
Ethereum: down 11% today
Dogecoin: down 23% today
Luna/Terra: down 94.86% today
Thrag
2984
The most horrifying ads I’ve seen on TV recently have been for some service that allows you to invest your IRA in crypto.
KevinC
2985
Wow. Horrifying is right.
but investors aren’t buying that crypto is dead.
What can we do it finish it off?
So it’s a buying opportunity.
ShivaX
2990
Well, when the Sheriff shows up at their door, they might start to suspect.
More regulators outlawing the use of crypto for payments like Thailand.
Wait I thought all these cryptocurrencies were supported in full faith backed by the FDIC , GOLD standard, NFTs , MEME’s.
Omg they are supported by meme’s.
Aceris
2994
I think tether is a scam, but since the tools you would need to use to bring tether down are in the control of the people most invested in tether surviving, I’m not going to bet against it.
Then again if the whole house of cards comes down a lot further tether will be the least of the cryptobros worries.
I will be fascinated to see how some of the Wall Street investment entities who set up coin desks in the last two years react to this crash. Do they dump any assets they have? Or do they take advantage of having capital to start buying heavily?
One thing I think: we’re not at the bottom on BTC. For the last couple of days, checking Coinbase’s activity monitors on BTC showed 80%+ buy transactions.
Right now they’re showing 76% buy transactions. That sure looks like some (former) true believers are starting to bail.
“The idea of smart contracts was powerful but you didn’t have much utility yet. Today we have thriving markets and users across NFTs, DeFi, gaming DAOs. That’s not going away,” he said.
So basically they have “utility” in fairy monkey money and the worst tier of gaming companies, with games no gamer would ever want to “play”. I mean, when does the bullshit ever end?
I still don’t understand why any of this stuff is even legal. It is literally like an unholy marriage between an MLM and a Ponzi scheme.
Here is the problem, under what authority can you regulate it? Hell, most of the SEC laws were written in the 1930s, before any type of computer existed. The idea you can create something of value, by performing math functions, seemed crazier than traveling to another star.
If we claim it’s trying to have an abortion, SCOTUS will try to outlaw it.
