Why is this happening when the stock market is up today? Until today crypto has pretty much exactly followed what the stock market is doing over the past few months.
Why is this happening when the stock market is up today...
Decoupling is good.
It should be decoupling up then, because crypto has a lot more future potential than most stocks.
crypto is a tulip style mania, artificially long due to aftershock effects relating to its wide audience
I've been saying this since it began, its a greater fools game, if you make money take the bags and run
It's been 13 years. How many times are you going to keep claiming this?
Only decouples when stocks go up, becomes correlated again when they go down.
Confusing correlation with causation. It's not that crypto was follow stocks. It's that everything was going up. Anything that people could throw money into, people threw money into. Reminder that NFTs were big money just a year ago.
I think it'll go to effectively zero on a short timeline, but its clearly a mania, I dont think anyone is disputing that anymore. Even tulips at least look pretty, BTC and its imitators dont actually have a use case
the decouplening
this
Decoupling is good and bitcoin will be the first to bottom. If anything the fact that it continues it’s decline indicates this is just a bear market rally in equities and more pain for them is in store. Imagine decoupling to the downside to coil the spring…
>its clearly a mania
Trading volume is at record lows right now. That's the exact opposite of mania. Only retarded senile silent geners like warren buffet agree with you. Even boomers now recognize that crypto is the future.
People realized shares of companies have value while cryptotrash is just a ponzi.
It was correlated to the literal second previously.
For some reason the institutions turned off the coupling algos
their use case is being sound and scarce money that doesn't devalue over time like paper money
>That's the exact opposite of mania
Its the end of a mania, fear is setting in and once people despair its all over
boomers being on the crypto train is a huge sell signal
>doesn't devalue over time
lmao
Buy already you retard
It's devaluing as we speak
Whales buying all exchange liquidity want to keep it low
Boomers are only dipping their toes in crypto. The vast majority have not invested anything in it, but they are beginning to see it as a viable investment. The fact that you're on the same side as braindead senile 95 year olds who don't even know how to use a computer but you think boomers are wrong is pure retardation.
time for the hammer to drop goyim
your stupid cancer is on its way out
its money that works better as money than dollars do. how is this not a use case
>that doesn't devalue over time
>Bitcoin crashed -60% in the span of a couple of months
>altcoins obliterated by roughly -90%
you can't compare it to a currency that is tightly controlled by the fed and some rich jews. it's more accurate to compare it against another hard asset like gold. if you bought bitcoin or gold 6 years ago, you'd still be in the green.
>its money that works better as money than dollars do
imagine thinking you can pay your taxes in BTC or bank with BTC
its not money, its a fake asset that is mimic'ing a stock to the uneducated rubes that form the downwardly mobile protelariat
The absolute state of bagholder cope. Market makers have been cleaning their books for months and now you're here telling me that so called "whales" are buying? Read the price chart, its not that hard
>Boomers are only dipping their toes in crypto
That means you should've sold 2 years ago, lmao
do you have any idea how gulible boomers are? if theyre going in you need to be out since a while ago
>fell for the 'crypto is tied 1 to 1 to actual stock market' meme
>non-producing asset has more potential than producing assets
"no"
mfw face when bagholding retards buyed internet meme money
>Until today crypto has pretty much exactly followed what the stock market is doing over the past few months.
>few months
Wow, what a long time. Fucking newfags.
>mfw people defend paper money
let's hope your government's interest rate plan succeeds