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| Topic | The crypto bubble popped |
| DarkRoast 05/12/22 9:44:19 AM #175: | SergeantGander posted... Yea so sad when it crashed, I really thought the internet was going to amount to something. Amazon and Apple never emerged into anything more than speculative assets and the internet has had 0 impact on the day to day lives of people around the world since the crash. Like why order stuff from Amazon when I could just go to the store? lmao BITCOIN ISN'T A COMPANY BACKED BY THE FED, IT'S SPECULATIVE FAKEMONEY And the ONE THING created to give the Crypto market any modicum of hedge against volatility and crashes... crashed overnight. Do you not see the problem here? There's no actual hedge against crashes in Crypto. No regulation, no reserve, no stable hedges. Nothing. And Bitcoin Bros like to respond with "well Bitcoin itself is the hedge!" Bitcoin is down 55% in six months. That's no damn hedge. --- Lenovo Legion 7 - Ryzen 5900HX, RTX 3080 16 GB (165W), 32 GB DDR4-3200 By Grabthar's hammer............... What a laptop. ... Copied to Clipboard! |
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