$ (BTC) The Bitcoin Thread - NO SHITCOINERS ALLOWED

melty

True & Honest Fan
kiwifarms.net
:mad:

why the fuck would crypto go down during a pandemic? it's the dollar that's about to shart all over the world
If it makes you feel better, bonds and treasuries and other things that aren't "supposed" to go down are going down. Even gold going down
 
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Null

Ooperator
Patriarch
kiwifarms.net
If it makes you feel better, bonds and treasuries and other things that aren't "supposed" to go down are going down. Even gold going down
what the fuck are niggas going to use with no cash, no stocks, no bonds, no treasuries, no gold, and no crypto? toilet paper???
 

Disheveled Human

Imagine Jerking off to Japanese mens art
kiwifarms.net
If it makes you feel better, bonds and treasuries and other things that aren't "supposed" to go down are going down. Even gold going down
Governments and world powers be siphoning that shit so they have some funds to throw at this expensive problem.
 
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Magog

kiwifarms.net
what the fuck are niggas going to use with no cash, no stocks, no bonds, no treasuries, no gold, and no crypto? toilet paper???
You seem pretty upset about your mistake of sticking all your wealth into pretend dollaridoos.
 
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Null

Ooperator
Patriarch
kiwifarms.net
You seem pretty upset about your mistake of sticking all your wealth into pretend dollaridoos.
Bitcoin remains the only reason the site has continued forward and I rely on its systems to survive. So no. I regret absolutely nothing. I just thought they'd appreciate more at this time. If you don't like it you can fuck off, I have zero empathy for people who want to undermine this site's survival mechanisms.
 

Particle Bored

I am made out of toothpicks and glue
True & Honest Fan
kiwifarms.net
:mad:

why the fuck would crypto go down during a pandemic? it's the dollar that's about to shart all over the world
A buddy of mine suggested it could be people selling to buy supplies or blood-drenched stocks.

For now I'll smile through gritted teeth and calm myself with this time-tested mantra: "Buy the dip."

(side note, was watching the Hard Bastard stream earlier today and YouTube was autocensoring/deleting "buy the dip" in livechat)
 

AnOminous

Really?
True & Honest Fan
Retired Staff
kiwifarms.net
:mad:

why the fuck would crypto go down during a pandemic? it's the dollar that's about to shart all over the world
Markets are irrational.

what the fuck are niggas going to use with no cash, no stocks, no bonds, no treasuries, no gold, and no crypto? toilet paper???
Literally toilet paper. And things like it. And bullets so you can hold on to your valuable commodities.
 

Trig.Point

I wouldn't start from here.
True & Honest Fan
kiwifarms.net
:mad:

why the fuck would crypto go down during a pandemic? it's the dollar that's about to shart all over the world
The general public feeling in the west, is that the banks are safe. That no matter what happens governments will bale them out and protect depositors and investors.

If there's an inkling that could change, either from a change in specific governments policies or because they just no longer have the means to, Crypto might see a resurgence.
 
If it makes you feel better, bonds and treasuries and other things that aren't "supposed" to go down are going down. Even gold going down
Everything took a shit kicking, even fucking orange juice commodities took a noticeable hit. Everyone was trying to liquidate everything in order to free up cash.

@Null I don't follow the crypto market too closely, but I feel for you man. It's been all over the shop. Best guess the reason bitcoin has fluctuated so much was the fact that during the big buy in when it got to 8k a lot of outside investors got into the game and have been using it as an asset bank. The stock market tanks, they're all scrambling for liquidity. Whether that's to buy in to the stock market while it's down, or people trying to build up a reserve of cash in case of recession cause from the dip, or just irrational reactions to uncertainty.
 
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AnOminous

Really?
True & Honest Fan
Retired Staff
kiwifarms.net
Everything took a shit kicking, even fucking orange juice commodities took a noticeable hit. Everyone was trying to liquidate everything in order to free up cash.

@Null I don't follow the crypto market too closely, but I feel for you man. It's been all over the shop. Best guess the reason bitcoin has fluctuated so much was the fact that during the big buy in when it got to 8k a lot of outside investors got into the game and have been using it as an asset bank. The stock market tanks, they're all scrambling for liquidity. Whether that's to buy in to the stock market while it's down, or people trying to build up a reserve of cash in case of recession cause from the dip, or just irrational reactions to uncertainty.
BTC almost always takes a dive after other commodities do. It's completely irrational. Maybe someone who tracks the correlation here more closely has an opinion on it, but it does seem to react more rationally in the middle and long terms even with short-term peaks and valleys of absurd volatility.

Also to the extent something like coronavirus even has an effect on crypto I think it would be more pronounced for BTC, specifically, because most of the big farms are in China. In theory there should be no effect at all as these are very sparsely manned.
 
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