Crypto crash deepens, stocks slip

Re:Crypto crash deepens, stocks slip by inter_netuser on Wednesday May 19, 2021 @03:23PM (#27213197)

making the world a better place = deny billions access to any financial lifeline they may have.

Those silly Zimbabweans, Venezuelans and Turks, why are they losing their life savings?

Can't they just do smart things like you, and login to an SIPC insured account to short Bitcoin right at the top without any counter-party risk, while their financial advisors manage the rest of their portfolios? Duh.

It finally makes sense, you are from the "let them eat cake" camp.

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Re:Crypto crash deepens, stocks slip by arcticbull on Wednesday May 19, 2021 @11:57PM (#27217218)

In those countries a single BTC transaction fee can be a month's wage. Venezuelans know this - they moved 66% of domestic transactions to USD, not crypto. [1] And of course they did, it's strictly a better currency. In every meaningful way.

I'm from the "don't tell them it's cake when it's a sawdust to pump your bags" camp.

[1] https://www.bloomberg.com/news/articles/2021-01-13/venezuela...

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