Cryptocels, are you rekted?

[starcrapoo]

Shits been brutal but you gotta buy the dip lol...

I'm sure mcdonalds applications are way up right now


View: https://www.youtube.com/watch?v=I1b4tEwEMa4

 

[AutistSupremacist]

Is a global collapse gonna happen?

 

[starcrapoo]

Is a global collapse gonna happen?

Nah far from it.

But it is a pretty bad market wide sell off though.

All markets, gold, silver, s&p, nasdaq, russell, crypto

 

[suburban_relapse]

laughing at all cryptobros

 

[starcrapoo]

laughing at all cryptobros

yea the bears have won for now

but for the cryptobros that buy right now, they're gonna be laughing later down the line when the market recovers

crypto typically recovers 80-120% from major pullbacks while stocks only recover around 22%

 

[uwu297969]

why the sudden sell-off in the crypto market.

yea the bears have won for now

but for the cryptobros that buy right now, they're gonna be laughing later down the line when the market recovers

crypto typically recovers 80-120% from major pullbacks while stocks only recover around 22%

 

[starcrapoo]

why the sudden sell-off in the crypto market.

there doesnt seem to be any major catalyst (reason).

just the typical cycle playing out.

there are times when the market gets euphoric and goes into extreme greed index and moments where we go into extreme fear index like where we're at right now

 

[uwu297969]

there doesnt seem to be any major catalyst (reason).

just the typical cycle playing out.

there are times when the market gets euphoric and goes into extreme greed index and moments where we go into extreme fear index like where we're at right now

30% dip for no major reason is insane

 

[starcrapoo]

30% dip for no major reason is insane

asian markets just opened not too long ago

as bad as its been, the dip is likely not over yet lol

 

[proudweeb]

im down around 9% overall

just gotta keep buying (im coping)

 

[Ryo_Hazuki]

The time to have invested in crypto was the 2010s. If you missed it, you missed it.

The general public has become disillusioned with crypto. There's a lack of actual utility (for the most part only shady tor web sites accept crypto as payment) and there's been so many rug pulls it's become a meme.

crypto typically recovers 80-120% from major pullbacks while stocks only recover around 22%

Let's look at charts from the past 5 years...

The two most major crypto currencies are bitcoin and ethereum.

So BTC is +62 percent and ETH is +9 percent. So the second most major crypto didn't even keep up with inflation (I dont think I need to pull out any data to prove we've had much more than 9 percent inflation since 2021). Now let's compare BTC's +62 percent to the most major ETFs.

So over the past 5 years, bitcoin has performed worse than ETFs. Also some of these ETFs also pay dividends (unlike crypto) so the difference is even worse than these charts show.

And it's only going to get worse for crypto. Sure, it will have days where it's up, and cryptobros will smug-post, but the general trajectory for crypto is downward. They can't even blame the government either, since this administration is openly pro-crypto. The general public has simply become disillusioned with imaginary coins.

 

[starcrapoo]

The time to have invested in crypto was the 2010s. If you missed it, you missed it.

The general public has become disillusioned with crypto. There's a lack of actual utility (for the most part only shady tor web sites accept crypto as payment) and there's been so many rug pulls it's become a meme.

Let's look at charts from the past 5 years...

The two most major crypto currencies are bitcoin and ethereum.

View attachment 1666307
View attachment 1666306

So BTC is +62 percent and ETH is +9 percent. So the second most major crypto didn't even keep up with inflation (I dont think I need to pull out any data to prove we've had much more than 9 percent inflation since 2021). Now let's compare BTC's +62 percent to the most major ETFs.

View attachment 1666312

View attachment 1666310
View attachment 1666313

So over the past 5 years, bitcoin has performed worse than ETFs. Also some of these ETFs also pay dividends (unlike crypto) so the difference is even worse than these charts show.

And it's only going to get worse for crypto. Sure, it will have days where it's up, and cryptobros will smug-post, but the general trajectory for crypto is downward. They can't even blame the government either, since this administration is openly pro-crypto. The general public has simply become disillusioned with imaginary coins.

I forgot to add that alt coins typically recover 60-120+% from the dips IF you sell at their tops on the shorter time frames. In other words get in and get out.

If you just diamond handed or hodled the alts you would be down a lot unless you got into solana and other large cap alts at or near the beginning.

 

[4sez]

The time to have invested in crypto was the 2010s. If you missed it, you missed it.

The general public has become disillusioned with crypto. There's a lack of actual utility (for the most part only shady tor web sites accept crypto as payment) and there's been so many rug pulls it's become a meme.

Let's look at charts from the past 5 years...

The two most major crypto currencies are bitcoin and ethereum.

View attachment 1666307
View attachment 1666306

So BTC is +62 percent and ETH is +9 percent. So the second most major crypto didn't even keep up with inflation (I dont think I need to pull out any data to prove we've had much more than 9 percent inflation since 2021). Now let's compare BTC's +62 percent to the most major ETFs.

View attachment 1666312

View attachment 1666310
View attachment 1666313

So over the past 5 years, bitcoin has performed worse than ETFs. Also some of these ETFs also pay dividends (unlike crypto) so the difference is even worse than these charts show.

And it's only going to get worse for crypto. Sure, it will have days where it's up, and cryptobros will smug-post, but the general trajectory for crypto is downward. They can't even blame the government either, since this administration is openly pro-crypto. The general public has simply become disillusioned with imaginary coins.

Ah, yes, the days when you could mine Bitcoin (BTC) and earn over 50 BTC from mining a single block on your personal computer. Back then, when Crypto was virtually worthless, you could argue there was little utility in cryptocurrency. However, now you can get a crypto debit card (like MetaMask) and use it as if it were a checking account.

I'm not surprised by instances of rug pulls in the industry. I don't invest in meme coins and have no intention of putting my money into a volatile shitcoin that's clearly a pump-and-dump scheme. I can't deny that Crypto's performance has been lackluster recently. Nevertheless, cryptocurrency is inherently volatile, leading to faster gains and losses than traditional investments.

ETFs are typically long-term investments. They are not like Crypto, which experiences constant price fluctuations, making them relatively more stable. If I recall correctly, Crypto offers something similar to dividends, but please correct me if I'm wrong.

Yes, those price charts are brutal. Especially during a bullish run, you'll notice some retards online being overly confident and promoting a shitcoin as part of a pump-and-dump scheme.