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Crypto currency and blockchain technology arent the same thing. Crypto currency uses blockchain technology. There are lots of potential benefits of blockchain.People who just cry "crypto!" don't seem to have a grasp of blockchain technology.
Crypto currency and blockchain technology arent the same thing. Crypto currency uses blockchain technology. There are lots of potential benefits of blockchain.
a broadbased replacement for government controlled money is not one of them.
note i said almost zero. not zero.
Oh s**t! Probably missed 2 of the most chaotic weeks in crypto history!Picked a good 2 weeks to go bush without internet access. $1300 of Luna to $0.0003 and ~50% across the portfolio. An expensive trip!
It was fun (?) reading catching up on this thread, knowing the result. A few bleeding hands fromOh s**t! Probably missed 2 of the most chaotic weeks in crypto history!
Interesting reading stories on people gambling on what the bottom would be on CT; some people were able to do a 100-200x from the bottom in a couple of days, but most just lost money.It was fun (?) reading catching up on this thread, knowing the result. A few bleeding hands from
Absolutely, bear markets are a good cleanser of projects just sucking liquidity from the market that could be spent elsewhere. This is also not a bubble burst for crypto, have you seen stocks? Until the worst of inflation has passed and feds can see this starting to trend down, choppy waters will continue for a few months yet in stocks and crypto.Savage. This is the death of a lot of altcoins IMO.
Can't see investors jumping back in after this complete bubble burst.
There's still faith in long term projects but there'll be a heap that never rise again to their previous ATH.
umm so its not currency. Yeah thats my point too.Wrong.
People are calling anything and everything in that space crypto currency.
The vast majority is simply software.
Paul Tudor Jones even said as much.
I could name a bunch of projects you'd label as cryptocurrency when the project is actually either a service, a software system etc
The only difference is that for many of the projects you have to pay to use it using their token.
And guess what?
Having to pay for a service or product with a businesses trade token is a very old process in business. So nothing new there.
What do the economic fundamentals tell you?Where’s the bottom? 21k?
umm so its not currency. Yeah thats my point too.
dont tell everyone bidding up the price of it though. They arent interested in what it does. Just if its the future of money.
Of course they do.
Anyone.Do you think anyone cares what certain shares do when they buy those? Or are they just wanting to make money off them?
Anyone.
Out of ALLLLL the people who buy shares, yes. There are many individuals who care what the company does.
Was your question about whether there are people who treat shares like gambling with little thought to the underlying business?
I'm gonna leave this one alone. Too much Bosto on it.