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/biz/ - Business & Finance


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18017883 No.18017883 [Reply] [Original]

What's the point of cryptocurrency if it goes up and down with the market?
I thought the whole point was for it to be independent and prone to these exact things?

>> No.18018598
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18018598

>>18017883
>What's the point of cryptocurrency if it goes up and down with the market?

Kek you are not paying attention this was the crypto market the last time the dow was at 18k.

https://coinmarketcap.com/historical/20160601/

>> No.18019012
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18019012

>>18018598
Shit, so were going back to triple digit btc

>> No.18020289

>>18017883
first thing would be to stop measuring bitcoin price in dollars, but in gold

>> No.18020299

>>18017883
Crypto has been constantly going down since it hit 20k, it's a pretty much dead market.

>> No.18020343

>>18017883
what is the point of different stocks if they all move in unisense.
what is the point of commodities when they all move with the general market.

>> No.18020358

>>18018598
>2016 is anywhere near comparable to now
Kek

>> No.18020373

>>18019012
If that happened I think the short I have open now would dwarf literally all the gains I’ve made since buying in around 2015

>> No.18020436

>>18019012
You should buy now bro and sell when it hits double digits
It's the /biz/ way

>> No.18020489

It's not going up and down with the market it's going up and down with the global pandemic

>> No.18020496

>>18020358
thats his point retard

>> No.18020542

>>18020299

Imagine being this fucking stupid.

>> No.18020566

>>18017883
Crypto was ruined by greedy kikes and scammers. I wouldn't be suprised if some wealthy entities actually just burn money, so prices keep going down, only to prevent retail and normies get gains.

>> No.18020575

>>18020496
No dumbass look at the gains crypto made at the time. This retard thinks the 2016 start of bull run situation is anywhere near comparable to now. Either you’re too stupid to have understood that or you’re such a newfag you don’t even understand sarcastic green texting

>> No.18020622
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18020622

>>18017883
yes it's a scam... congrats on realising

>> No.18021814

>>18020436
kek too true