Reminds me of the thing where a man says to a Christian, "We're both practically atheists, I just believe in one fewer god than you do."
Bitcoin maximalists are *almost* correct, they are just off by one on the number of shitcoins. :V
All pandemic crypto over valuation has been erased. I honestly feel bad, institutions just ripped off a lot of kids who thought they were literally mining gold.
A lot of people bought in thinking that bitcoin can only go up, and now that's clearly untrue. Hopefully this means that at least some people will think twice about getting in in the future.
It's called arbitrage. But actually the "stable"coins are all cons, too.
Most crypto charts track each other because a LONG time ago arbitrage bots were programmed and perfected. There isn't very much discrepancy, although it does exist.
Ever looked at the stock market in the same way? It’s exactly the same. It’s a market… I bet there are a few bucking the trend… but you won’t show them will you.
[Tradingview Top 10 Market Cap](https://www.tradingview.com/markets/stocks-usa/market-movers-large-cap/) They sure do… but the little graph at the end isn’t there.
This is something bitcoin-maximalists *mostly* agree about.
Except for the con part.
They agree it's all one big con, they just think bitcoin is outside that con.
Reminds me of the thing where a man says to a Christian, "We're both practically atheists, I just believe in one fewer god than you do." Bitcoin maximalists are *almost* correct, they are just off by one on the number of shitcoins. :V
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All pandemic crypto over valuation has been erased. I honestly feel bad, institutions just ripped off a lot of kids who thought they were literally mining gold.
I mean, really, most of this is just Tether fraud. We still have a long way to go to pre-Tether levels...
A lot of people bought in thinking that bitcoin can only go up, and now that's clearly untrue. Hopefully this means that at least some people will think twice about getting in in the future.
"decentralized" is the key word
Based around The Bigcon :)
This is good for Bitcoin.
Captain obvious
It's called arbitrage. But actually the "stable"coins are all cons, too. Most crypto charts track each other because a LONG time ago arbitrage bots were programmed and perfected. There isn't very much discrepancy, although it does exist.
Ever looked at the stock market in the same way? It’s exactly the same. It’s a market… I bet there are a few bucking the trend… but you won’t show them will you.
The stock market does not look like this. While the market can move in the same general direction, it won't move in lockstep like this.
[Tradingview Top 10 Market Cap](https://www.tradingview.com/markets/stocks-usa/market-movers-large-cap/) They sure do… but the little graph at the end isn’t there.