I am reading posts in various places about the US Stock market crashing. I go to marketwatch and see that the indices are down between 3-5%.
Meanwhile, from sunday to today, bitcoin has lost 1/3 of it's value or 33%, going from around 30k to 20k. No reportage on that really. In other words, it's monday.
So the reportage goes like this. 3% drop which will be regained in about 5 days if that, is a "Market Crash"
Whereas in the crypto world, all the crypto people are like the dog in the burning house saying, 'This is fine'.
What a strange world. Yes I know crypto is much more volatile but if you look at the graphs of the crypto world, over the last 3 yrs, they're shit investments. If you invested in crytpo in 2012, then you're a millionaire even if you just put in say a grand or ten grand.
Those days are over it seems, unless you're shorting cryptos
And I am not sure why shorting is a thing that is even allowed in any markets. We know how that ends. Death spirals and bank runs. (great depression). "We" are so dumb.
Anyway, the conspiracy here is that once again, the media is reporting false reality in two different ways; stoking FUD
We know why they do it. They want you to hoard.
But I believe that America is out of cash and they've got hoard fatigue. Firstly, that they have bought everything they need for the next 3-10 yrs if they had on hand cash, or they are living hand to mouth and just treading water.
Now they are implementing household austerity and the FUD doesn't work anymore
That is going to be the death spiral right there
When FUD doesn't make people go out and buy anymore because they are either tapped out or they are holed up and waiting it out.
There is no "it"
I believe until this g d potato is removed from office and integrity is restored, "it" will be this way until it all breaks and our country is gone.
When that happens, all these criminal networks are going to quickly offer shitty and attractive deals with terrible strings attached (slavery) to bring people back into the one world offer they have
Don't take it.
When shorts cover, that means someone is atleast buying
The market will rally for sure Where do you think all the money going to Ukraine is really going
Oh wait.
They don't buy?
OK. We ban diesel/petrol cars. Now you must buy.
We tax your house as capitals gains.
Its OK.
Lmao. You know that doge was created as a satirecoin right?
There's a shit ton of reporting about crypto crashing, in mainstream press. The issue is, crypto is still niche enough it won't get the same ink as Wall Street. Everything is down, gold, silver, etc. etc. Investments in general.
Secondly, this is not the first time Bitcoin tanked. They call it the "crypto winter" the last time it did.
And the powers that be want a consumerist society, they want you to spend, spend, spend. Take out a new credit card, cash out that home equity, buy some cheap shit made in China or take a vacation, you deserve it!
They report on every little movement as a crash. I swear if sunlight was tradeable the news would freak out about the light market crashing everynight.
Shorts exist so hedge funds can destroy dying brick and mortar video game retailers.
Why do you say that?
Color me skeptical when a handshake account starts saying people glow. That said, I rarely agree with is take on anything.
Is the name some reference? If so, I'm unfamiliar.
You realize you're sorta a person in a glass house throwing a stone right now, right?
Do the rest of the world a favor; find yourself a short pier, then take a long walk down it.