All went into some billionaire’s pocket who got a tip from the administration to short the stocks.
Was Barron. The call is coming from inside the house.
People in 2020: “I’m buying at the bottom of a market, I hope I get 30% yoy returns for the next five years”
People in 2025, last week: “Omg, it happened! I’ve more than doubled my money in less than five years!!! Crazy!!!”
People yesterday, after a 5% market correction: “I’m destitute”
Leverage is a hell of a drug.
If people are destitute after a 5% drop, they really need to reconsider their investment strategy. Index funds are the only viable way.
Not if you’re going for those big gains they aren’t 💪
Yes they are, I’m up 30% over the past 3 years. Just buying and holding index funds. If you chase big gains, you’ll get them sometimes, but you’ll also get big losses that just cancel them out. Slow and steady wins the race.
You haven’t lost a cent if you don’t sell
except if the company goes bankrupt, shuts down and the shares become worthless and useless. doesn’t happen often tho
Hot take: crypto is dumb.
That take is lukewarm at best.
Hotter take: you missed out on it 15 years ago. I know I did.
Well, every second you “miss out” on going all-in on the highest leverage possible and win. Afterwards you always know better so don’t be sad about it. Back then it was probably even more risky than it is now, so depending on your risk tolerance and investment goals it was probably right to miss it.
Well, thanks, I guess I’ll read that comment again when I eat my cold leftovers for supper tonight…
Just imagine you invested sum X back then. Who knows if you would still hold it. Maybe you would have made 10 into 100 $ and quit or shifted some into another crypto and lost it there, maybe you would have gambled with derivates which then did not perform as well. Picking single investments is basically gambling. I know this won’t make your leftovers taste better but try not to blame yourself for decisions that were 50/50 bets at best.
for investment, yes. but for autonomy, no. if it wasn’t so hard to buy or pay with it tho, that’d be great.
if it wasn’t so hard to buy or pay with it tho, that’d be great.
I think this makes it a funny thing about libertarian ideals. The way people interact with it is ultimately in centralized and KYC compliant exchanges. As far as I know its not illegal to not use them, but people do for simplicity. Microcosm of the idea that market winners entrench to promote their version at the detriment of the markets freedom.
did I miss something?
New tariffs.
Why does that impact crypto?
https://www.youtube.com/watch?v=23ddxotpMZM A breakdown of what happened.
Thanks, I had no idea that anonymous accounts were created just to short the market down to the very second of the precipitating post. Insiders get rich again.
That was there hope. But, its the internet. And theres loads of really smart people watching everything. If not for them, Trump and his paedo pals would have gotten away with it. Well, they probably still will get away with it. But at least the information is out there.
At first cryptos had a true value, as in people wanted it and saw the potential of the coin itself, and not of the price it had, thus raising the prices. Then it changed. Capitalists with their huge capital started playing the market. So instead of the cryptos having a monetary value based on their actual value to society, they got their monetary value from previously monetary values. This means that the value of the cryptos shifted towards how much value it could provide to the people investing in them.
At this point anybody with half a brain should have stopped caring about the actual monetary value of cryptos. Bitcoin was made for one thing and that was to be a decentralized alternative far away from any government. And now you have one government, that only consists of a mere 5% of all humans, that somehow made the market crash? Everybody that doesn’t think this is beyond crazy is getting played, hard.
😔
How is a 10 percent drop in BTC price considered a great amount of volatility?
I don’t get it
They’re saying some guy in china cashed out trillions because of the trump tariffs
In 1987 the s&p500 fell 20%
Sounds like she has approximately zero chill.
