What went so wrong with cryptocurrencies?

Why did they crash so hard?

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>have a negative real world value
>be priced at -500000 times their real price
>why did the price go down?

Time to accumulate for 3 years. Peaks in 4-5 years again (320k btc).

>(320k btc).
good, the USA will spend 50% of it's oil and electricity mining bitcoin if that happens, to the moon!

Jews had they're precious gold threatened.

Sam BANKman

I mined BTC when it was only worth $20...
I don't know why people went so crazy for crypto, there was never a good infrastructure for it in terms of using it as cash outside of online shit.

More mid wits trying to outperform BTC by buying dog, ape and nigger meme coins. Kike lending platforms using custodial nigger cattle's coins to short the market.

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You can store wealth in your brain alone and transfer it trustless over radio signals. Pretty neat. The only people who are not at least 50% into btc are the ones who doesn't understand it.

not enough idiots to scam to get paid, big boys panic and cash in while people who were late are now trying to cope and scam new people, it's not working, sell low to rake back some money if possible

Don't know if broken bot or just retarded.

When 140,000 coins show up and everybody wants to get rich quick, well, you're at the mercy of sharks. Get smart, people

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Speculative risky assets are getting hit hard right now, then again everything is

because if you don't hold it in your hand, it has no value
invest in gold, silver and 9mm

stimulus checks ran out and lazy zoomers are poor again

>says the guy who doesnt understand it

btc is not crypto. the government can easily view every transaction youve ever made and then figure out what you purchased. they can also blacklist your coins at will to make them lose value. you are not very bright. you are literally the midwit meme of crypto

>they can also blacklist your coins at will
?

besides being inherently worthless and totally anti-hedge during inflation and economic turmoil: high energy prices

they never received the widescale acceptance they so coveted

>Why did they crash so hard?
Cos I bought some.

checked and bogdanoff-pilled

Fed stopped easy money regime. Cryptos will literally never reach COVID highs.

>bitcoin is dead
>bitcoin will consume 50% of world's energy in 5 years

So many retards in this thread it's insane.

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there's going to be a new money making fad coming soon, those who are in the club are already in the know making money off it before it takes off, once their bag is secure they tell us what it is, we buy in on the fomo, and then they sell out leaving more people holding bags. the cycle is rinse repeat.

based LUNA hodler here. Who else #team TERRA ?

can hardly wait to cash out my insane gains, havent checked in a while. sold the house and bought at 20$, last time i checked it was at 200$! i know the market went down but LUNA is so based it'll NEVER go below 50,- ever again ;)

stay poor and mad, faggots!

>Don't understand it
Thank you t.pic related

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>Why did they crash so hard?

Bigger highs, bigger falls.

also, buying anything other than BTC is fucking retarded.

Nothing went wrong, you were just on the wrong end of the scam.

Look how nice this flower is user.
It added the value of a small amount of beauty, fragrance, and oxygen to the world.

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Based bitcoin enjoyer

Ic what u did with pic. Good funny

>why crash?
because smart people take profits and other smart people open shorts while further smart people run automated trading systems that long/short. the point of the game is to take the money from those who panic buy/sell. This money is either cheap coins or cheap coins to close your short trades. can also be expensive coins to close your longs or open shorts before the real dumpening starts.

>why crash hard?
because crypto has small liquidity, the orderbooks are easily broken.
that is why it pumps hard and dumps hard.

>but isnt this just a game of poker?
sure, it is BUT, that does not invalidate the technology of blockchain which has some pretty cool uses but all this talk is just bedtime stories for hodlers.
remember this:
blockchain does not need you to succeed for itself to succeed

any other questions?