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Anonymous Tue Jan 10 00:41:05 2023 No.53201696 [Reply] [Original]

Why did crypto prices collapse? And when/will they go back up again?

>>	Anonymous Tue Jan 10 00:42:41 2023 No.53201717 File: 183 KB, 512x512, me and pepe.png [View same] [iqdb] [saucenao] [google] >>53201696 tech bubble

>>	Anonymous Tue Jan 10 00:44:47 2023 No.53201743 >>53201696 because the fed stopped printing money and pumping the fake market, and war, and energy crisis, and of course niggers

>>	Anonymous Tue Jan 10 00:45:33 2023 No.53201754 nothing but an opportunity to buy more matic at a price discount lol, because its still criminally undervalued compared to the innovation that polygon is bringing to the industry

>>	Anonymous Tue Jan 10 00:47:16 2023 No.53201764 >>53201717 >>53201743 So will it remain crabbing at these prices for a while or will it go up again sometime soon?

>>	Anonymous Tue Jan 10 00:47:18 2023 No.53201766 >>53201743 That doesn't explain the prices pre-COVID.

>>	Jealous Tue Jan 10 00:48:02 2023 No.53201781 File: 30 KB, 460x464, TIMESAND___ShibaInu_DogeCoinKiller.jpg [View same] [iqdb] [saucenao] [google]

>>	Jealous Tue Jan 10 00:48:44 2023 No.53201792 File: 45 KB, 697x500, TIMESAND___COVID2021.jpg [View same] [iqdb] [saucenao] [google] >>53201766 >>53201743

>>	Anonymous Tue Jan 10 00:56:06 2023 No.53201876 File: 30 KB, 779x394, 1661347835038840.jpg [View same] [iqdb] [saucenao] [google] >>53201764 great question

Anonymous Tue Jan 10 00:57:17 2023 No.53201892

Reminder that you always need someone to buy your bags to justify prices. So if no new money enters the market prices fall. Check out (for example) the empty bottles market: if someone buys a bottle of beer, the glass bottle usually is the expensive part. When all the magic and good times is gone, you are left with an empty bottle that you end up to dump in the trash + a hangover if you had too much magic. And you find yourself in the cruel reality.

>>	Anonymous Tue Jan 10 01:03:03 2023 No.53201960 >>53201792 Thanks for the explanantion, anon.

Anonymous Tue Jan 10 01:03:53 2023 No.53201971

>>53201766
It was going along with the rest of the tech market.

>>53201764
This we don't know, it depends on many macro factors, like governments trying to sabotage or (((regulate))) it, or else.
The real question is: did they build something out of the flood of money they got?

>>	Anonymous Tue Jan 10 01:10:48 2023 No.53202048 Markets got scared that's all

>>	Anonymous Tue Jan 10 01:27:47 2023 No.53202230 >>53201971 Yeah, I forgot about that part too.

>>	Anonymous Tue Jan 10 01:38:53 2023 No.53202367 File: 345 KB, 2174x1198, Screen Shot.png [View same] [iqdb] [saucenao] [google] >>53201696 >And when/will they go back up again? they already are anon

>>	Anonymous Tue Jan 10 01:40:30 2023 No.53202386 >>53201892 Uh, yeah no shit Sherlock. You really think anyone needs a reminder of that basic economics concept? And what the hell does the empty bottle market have to do with cryptocurrency? You're rambling like a damn schitzo. Get it together, sir.

>>	Anonymous Tue Jan 10 01:43:05 2023 No.53202421 >>53201696 >they go back up again? no

>>	Anonymous Tue Jan 10 02:57:22 2023 No.53203072 >>53202421 How come?

>>	Anonymous Tue Jan 10 04:36:37 2023 No.53203930 File: 807 KB, 320x320, 1672604469643642.gif [View same] [iqdb] [saucenao] [google] >>53201696 crypto is a scam

>>	Anonymous Tue Jan 10 09:16:51 2023 No.53205454 File: 90 KB, 736x919, 1672437351625158.jpg [View same] [iqdb] [saucenao] [google] >>53203930 You got no point schizo fag, crypto is ahead now. Make cool bucks when the anxiety is high. I've made some bucks from Xpress, utilizing their app

Anonymous Tue Jan 10 09:29:11 2023 No.53205513

>>53201696
Crypto can't do real work faster, easier, or more cost effectively than existing technology, so it turned into an unregulated penny stock casino.

The penny stock casino bubble, led by ethereum and binance side chain, which host serious technology products (dotcom tier fund raising scams) and fun beaniebaby animal tokens (blatant scams) respectively, is over for now, but MAY return when bitcoin mining difficulty increases. Stay tuned.

>>	Anonymous Tue Jan 10 09:50:04 2023 No.53205618 >>53205513 >Crypto can't do real work faster, easier, or more cost effectively than existing technology You've never tried to send money across borders and convert it into other currency using the current banking system, have you?

>>	Anonymous Tue Jan 10 09:54:34 2023 No.53205645 File: 1.64 MB, 1956x2216, 1670220716616279.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Tue Jan 10 09:58:44 2023 No.53205665 File: 57 KB, 616x595, 1670920186362368.jpg [View same] [iqdb] [saucenao] [google] >>53201696 >when/will they go back up again? After the tech buble burst and the end of the war in Ukraine. Probably 2024.

>>	Anonymous Tue Jan 10 10:12:35 2023 No.53205714 >>53205618 Some APP supports fiat transactions enabling users to invest in many cryptos, NFT, and other assets. Plus making it possible to deposit and withdraw GBP and Euro directly in and out of their accounts

Anonymous Tue Jan 10 10:43:21 2023 No.53205843

>>53205618
>send money across borders
What am I a fucking migrant broccoli picker? Even if I was, western union, walmart, and PayPal all do that cheaper than gas/ mining feesa nd faster than the 15mins-1hour it takes to confirm on chain. You get the added bonus of not being cockblocked by your financial institution while onramping/off ramping, and the value of the funds sent can't crash while being transmitted.

Fucking lol. Crypto even sucks at that, and that's the basic shit.

>>	Anonymous Tue Jan 10 10:52:17 2023 No.53205897 >>53201892 >So if no new money enters the market prices fall. Not how it works. See silver.

Anonymous Tue Jan 10 10:54:14 2023 No.53205912
File: 112 KB, 800x747, Crosses.jpg [View same] [iqdb] [saucenao] [google]

>>53201892
>Reminder that you always need someone to buy your bags to justify prices.
No one is gonna one BTC for 10 Millions but I bet everyone would buy a BTC for 1 dollar.
Shut the fuck up.

>>	Anonymous Tue Jan 10 12:01:14 2023 No.53206291 >>53201696 I don't fucking care, as long as I can enjoy privacy in transacting and not reveal my transaction details, IGMI

>>	Anonymous Tue Jan 10 12:09:36 2023 No.53206344 >>53201696 If you are smart you will buy now, and wait for the next pump

>>	Anonymous Tue Jan 10 12:22:36 2023 No.53206411 >>53206344 >transacting A lot of people are not smart, even those buying are not looking at the trend, many of them don't have tokens of privacy projects. NGMI

>>	Anonymous Tue Jan 10 12:23:51 2023 No.53206418 >>53201696 Interest rates QE stopping No Covid gibs anymore Normies burnt FTX and other scandals

>>	Anonymous Tue Jan 10 12:24:58 2023 No.53206427 >>53205618 >He doesn't know about TransferWise You can open foreign FX accounts in seconds, and convert in seconds.

>>	Anonymous Tue Jan 10 12:32:51 2023 No.53206481 >>53201696 That's normal

Anonymous Tue Jan 10 12:35:18 2023 No.53206501
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>>53201696
global dollar short squeeze because of unprecedented rate hikes, the federal funds rate is over 50x (5000%) higher than it was last december. this lead to crypto wide liquidation cascades and blow ups of some of the largest funds, protocols, centralized lending facilities, and exchanges, particularly LUNA and 3AC in may and FTX in november, with now Genesis and DCG appearing to be in trouble among many other blowups.

IMO parts of it will recover but its in an institutional grade shakedown right now that is not finished.

>>	Anonymous Tue Jan 10 12:38:55 2023 No.53206530 >>53205454 Someone go catch that android and bring it back to the factory It didn't even bother erasing his Serial Number

Anonymous Tue Jan 10 12:58:02 2023 No.53206658

>>53206530
ANDROID ON THE LOOSE, GOTTA CATCH IT BEFORE IT HURTS ANYONE, BRING IT BACK TO WHERE IT BELONGS. SERIAL NUMBER STILL INTACT, IT'S A DEAD GIVEAWAY, GOTTA HURRY

>>53206501
THE FEDS RATE HIKES MAN THEY GONNA SQUEEZE THE GLOBAL DOLLAR LIKE A LEMON IM TELLIN YA
CRYPTOS CRASHIN LEFT AND RIGHT, LUNA, 3AC, FTX, ALL DOWN THE TOILET
GENESIS AND DCG IN TROUBLE TOO
IT'S A SHAKEDOWN BY THE INSTITUTIONS, THEY AINT DONE YET MARK MY WORDS

>>53206418
EVERYTHING FALLING APART, RATES, QE, COVID, NORMIES, SCANDALS, FTX THE WORST, ITS A CONSPIRACY, THEY WANT TO WATCH US BURN

>>53206344
NO WAY, ITS A TRAP, THEY WANT US TO BUY LOW THEN WATCH IT CRASH, WE'LL LOSE EVERYTHING, STAY AWAY

>>53206291
PRIVACY, THAT'S WHAT MATTERS, NO ONE NEEDS TO KNOW MY BUSINESS, IGMI ALL DAY, SCREW THE REST

>>	Anonymous Tue Jan 10 14:09:33 2023 No.53207235 >>53206344 >>53206411 Good morning sir

Anonymous Tue Jan 10 14:23:30 2023 No.53207377

> Why did prices drop

Because money printing stopped and the FED and every other central bank on earth raised interest rates from Q4 2021 to present.

>When will they go up again?

When Central Banks introduce CBDCs to write off debt and drop interest rates to zero again to stimulate spending

>>	Anonymous Tue Jan 10 16:44:20 2023 No.53209044 >>53201696 I don't give a fuck, as long as I can get all my IDs safe and streamlined, I don't care. I can always make money

>>	Anonymous Tue Jan 10 16:49:29 2023 No.53209107 >>53201696 >he thinks this is the bottom

>>	Anonymous Tue Jan 10 17:26:18 2023 No.53209488 >>53209044 I used one of them when signing up on AllianceBlock, it was quite seemless.

>>	Anonymous Tue Jan 10 19:37:56 2023 No.53211207 >>53205843 >XRP >Settles in a few seconds >Fees less than a penny There's not much risk of it crashing in the 5 seconds it takes for the transaction to go through lol

Anonymous Tue Jan 10 20:47:17 2023 No.53212285

I think crypto is pretty much dead compared to the level it was at before. I regret not getting in earlier but I made some money to buy some toys last bull run at least. Was fun while it lasted.

Gov't regulation aside, even though I think that's a big part of it, the negative press/attention around it is going to keep institutional and normie investors away for the forseeable future. No more celebrity commercials after the Matt Damon fiasco, and the face of crypto has just been relegated to the Bahamas kike and other scam artists.

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