Shorting Tether for Fun and Profit

Re:Shorting Tether for Fun and Profit by mancerayder on Sunday January 08, 2023 @08:30PM (#34305600)

Almost every speculative asset was up then, capital was desperate to go anywhere as borrowing was cheap and savings rates were high.

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Re:Shorting Tether for Fun and Profit by NicoJuicy on Monday January 09, 2023 @02:41AM (#34307828)

Explain why Bitcoin went down before COVID then.

As you say, borrowing was cheap. There was no reason for it to decline after 2018 till 2020...

Reminder: other speculative assets didn't decline then :)

As I said before, Covid, with boredom and free money. No one used Bitcoin as investment and not many would borrow money for buying crypto.

Still: no one cares about Bitcoin anymore except some select people that live in the past.

[ Parent | on HN ]