why did crypto die?
I want reasonable, factual answers. What happened?
Why did crypto die?
Parker Martinez
Jordan Kelly
Because disgusting normies and bankers came in, and it wasn't about building a new monetary system anymore, but about making money shorting.
Brandon Ward
normies
that is all
Jeremiah Moore
it didn't die and your usage of loaded questions is obnoxious
Cameron Sanchez
It didn't die, it's just knocked out for some months.
Jordan Sanders
market cap was 420 like an hour ago now it's 426
earlier today it was like 480 and back during the january crash it got dwn to 350 range i think
Jaxson Moore
Kike bankers saw it as a threat so they bet on it throug futures contracts nd will manipulate the price from here on out
Joshua Bell
it died to purge weakfags like you who don't know this is a cycle that's been repeated 5 or 6 times now
Connor Garcia
It's funny I am actually very calm in a bear market. When things rally hard I get very freaked out.
William King
You can find your answer by thinking about this illustration:
My professor bought his house in the middle of the housing boom right before the recession, because he just needed a house for his family and didn't care about the prices. A couple years later he sold it for $20,000. He sold it because his friend recently sold his house, and when he asked his friend about it, he said that he sold it to a doctor who lives in California and won't ever see the house in person. The doctor wanted the house to sit empty. The doctor bought it at the peak of a boom because he wanted to flip it later on. I think it's the Big Short that my professor quoted when he said "We don't build houses for people to not live in, something's wrong here."
It's kind of like that. We don't make currency that no one spends. We especially don't make currency that can't even scale to the volume of a medium-sized supermarket.