Re:Ask HN: Is anyone else glad the crypto market is crashing?
by viridian on Thursday May 12, 2022 @02:43PM
(#31358414)
Yeah, this thread reads as very weird to me, it's liking I'm watching the SV tech bubble manufacture consent in real time. In reality, crypto has been tracking the market almost 1:1 for like 6 months now.
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Re:Ask HN: Is anyone else glad the crypto market is crashing?
by id on Thursday May 12, 2022 @02:46PM
(#31358455)
Bitcoin is a bubble, but their 500k salary with bonuses is not. Go figure.
Re:Ask HN: Is anyone else glad the crypto market is crashing?
by viridian on Thursday May 12, 2022 @02:59PM
(#31358666)
I just don't get why people think this is unique to crypto. Crypto is maybe 4% of my total net worth, but literally every asset aside from my home has been deep in the red for weeks now. Hell, my high volatility ETFs are way worse off than my crypto.
People either aren't paying attention to the markets writ large, or have an axe to grind.