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/biz/ - Business & Finance

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17768523 No.17768523 [Reply] [Original]

Wait, wasn't a big part behind crypto the idea that it can serve as a hedge against regular markets and securities?

If so, what went wrong?

>> No.17768538

>>17768523
Jews

>> No.17768555

>>17768523
Maxis got their asses probed
STORE OF VALUE delusion is breaking

>> No.17768577

It's basic supply and damned. People pulled their money out of the market at a sign of a global collapse so they have cash.

>> No.17768589

>why is thing whose entire value is a product of speculation tanking when global sentiment is negative

>> No.17768590

>>17768523
No. That is a misconception by retarded normies. Bitcoin is bitcoin. ETH is eth. Shitcoins are shitcoins.

Value is derived by the network activity and value of the network.

>> No.17768598

>>17768555
nah bitch I still got my 3 bitcoin but im about to diversify and pick up some SUTER look at that beautiful chart

>> No.17768649

>>17768523
Distribution went wrong. Ignore the mountains of cope, it fundamentally failed at what it was designed to do per whitepaper. It's trash, hope I get a chance to get out

>> No.17768658

>>17768523
Nothing, wait and see when the panic settles and people get angry at instructions

>> No.17768664

>>17768523
>why aren’t primarily speculative assets tanking when the whole world is tanking
Hmmm gee I wonder why

>> No.17768671

>>17768649
Store of value is never mentioned in the white paper though.

>> No.17768700

>>17768523

The same people buying into crypto are the same ones buying into the stock market. Cash is king in a downturn like this. If we're able to salvage the market then they can buy the dip. If we can't, then they can buy food or a passport or a flight out of the warzone or whatever the fuck they need the cash for. You can spend cash. You can't spend crypto.

Just read an article that $93 BILLION was just pulled out of BTC. Have fun holding on to your pretend money.

>> No.17768721

>>17768523
It's because retards keep panic selling.

>> No.17768843

>>17768700
You didn't read 93 billion idiot

>> No.17768862

Plebbit meme and nothing more.

>> No.17768870

All crypto and stocks are just games. When shit gets serious, playtime is over. You should have known to not invest in imaginary assets.

>> No.17768873

Speculative trading happened

>> No.17769836
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17769836

>>17768700
>he confused the 933 million liquidated longs on bitmex with 93 billion pulled out of btc

>> No.17769859

>>17768671
it failed as a payment system too

>> No.17769862

>>17768523
>Wait, wasn't a big part behind crypto the idea that it can serve as a hedge against regular markets and securities?

No, not really.

>> No.17770112

>>17769859
Oh yeah agreed completely. It failed on both accounts.

>> No.17770117
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17770117

>>17768523
BITG:21M

>> No.17770938

>>17768523
End of 2017 the Wallstreet entered the crypto market. That is what went wrong.

>> No.17771020

>>17768523
every currency would see large drop in a moment like this. crypto wasn't an exception.
only an idealistic retard would believe it would be safe from everything

>> No.17771302

>>17768523
well. no. crypto is a long-term hedge to protect against inflation. If I can buy twice as many coins tomorrow for the same price as today, why wouldn't I sell them? the cost to trade is very low, much lower than selling, transporting a physical good. I think you're mistaking it for gold and silver

>> No.17771608

>>17768523
I sold my SUTER at the fucking bottom. That's what went wrong.