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.You seem pretty upset about your mistake of sticking all your wealth into pretend dollaridoos.
A buddy of mine suggested it could be people selling to buy supplies or blood-drenched stocks.
Markets are irrational.
Literally toilet paper. And things like it. And bullets so you can hold on to your valuable commodities.
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.
I imagine people are selling off everything fearing complete economic collapse and think their bank is magically not going to catch fire if things go badly.
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.
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.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.