Wasn't cryptocurrency supposed to be "the future"? What's the point of various iterations of -coin if it simply collapses alongside the dollar and every existing market it (apparently) sought to undermine?
I never invested in anything so I'm perfectly fine.
Get back to me when people start throwing themselves off of buildings.
Why did anyone ever think crypto would be independent from the rest of the economy?
Gold went down, stocks went down, everything went down. Fucking CSGO skins are probably down. Its just how economic recessions and depressions go. Buy now while its low, sell when the market rebounds. This isn’t the end of the world folks.
If the crypto market is truly fucked as some say, we have much larger issues. As user above stated, the crypto market is not independent from the economy. This is a good thing. Crypto is no longer a trinket or pipe dream thunked up by some euphoric redditor, bitcoin is digital gold and the altcoins are our gold standard currencies.
Praise the new one true god Bitcoin.