****Official Crypto Degen Thread****
- Thread starter Moral
- Start date
Yes, historically government fiat arcs toward zero.
The USD has lost something on the order of 98% of the purchasing power it held in 1913.
Expect the beatings to continue.
It's not going to go crazy again until the next halving. This is what's happened in the past and will repeat again in late 23 or early 2024.
Thanks SEC!
‘The Music Has Stopped’: Crypto Firms Quake as Prices Fall
Crypto companies are laying off staff, freezing withdrawals and trying to stem losses, raising questions about the health of the ecosystem.www.nytimes.com
Crypto is performing like OP’s mom at hockey practice. Always going down.
I will….when it flattens out at a price and goes sideways for a year. This, currently, isn’t a dip. It is a falling knife. I’m sure it was a doctor who came up with the saying “don’t try to catch a falling knife.”
It needs to go sideways in a narrow range for a year, at least. Here is the Bitcoin chart from 2018. It goes sideways at 6,000, sloppy and choppy, from July to November and then crashed down to the 3,000s. It's probably even better to wait for it to go up with volume, from the year or longer sideways base, and buy it at the first pullback.
So they base decisions on votes where people can spam votes with bots? That sounds like a well run operation.
It might be one of the more responsible things I have seen in crypto as of late.
Yet Another Crypto Exchange Has Frozen Withdrawals Amid the Coin Crash
Like Celsius before it, Coinflex cited "extreme market conditions” and continued uncertainty as reasons for halting all withdrawals.
gizmodo.com
If this comes to fruition, I’ll be putting a lot of money into crypto….like a lot a lot.
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