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The dumbest thing about CRYPTO

 
Nemus Hero
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User ID: 80158225
Singapore
04/29/2021 07:27 AM
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The dumbest thing about CRYPTO
Is that when BITCOIN goes up, ALL the other coins go up TOGETHER. When BITCOIN goes down, all the other coins go down.

This doesn't make any sense in a normal "stock" market.

Essentially it's pretty stupid to try to even trade. Trading is essentially buying low and selling high. You can't even do that properly... only trying to figure out which coin will rise faster than the rest.

This blows........
Yeshua reigns. Period.
Anonymous Coward
User ID: 78063540
United States
04/29/2021 07:35 AM
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Re: The dumbest thing about CRYPTO
I'm pretty sure it's because their devaluing the fiat.
When the banks all introduce their CBDC, the big tech holders of all the other crypto's will sell leaving everyone broke and the banks fat.
And history will repeat - Over and over and...
Anonymous Coward
User ID: 78349802
United States
05/29/2021 11:07 AM
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Re: The dumbest thing about CRYPTO
I'm pretty sure it's because their devaluing the fiat.
When the banks all introduce their CBDC, the big tech holders of all the other crypto's will sell leaving everyone broke and the banks fat.
And history will repeat - Over and over and...
 Quoting: Anonymous Coward 78063540


The first ones to sell will leave the great majority of the cointards broke.

The banks always win.





GLP