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SignUp Now!Explain further pleaseNew users.
I think new people getting into the game are dampening the market. I'm one of them. Maybe, maybe not.Explain further please
Been a bloody week, especially for crypto, but I would have thought that crypto would be decorrelated from equities. But crypto just seems to move in the same direction, just harder
Well many coins do produce interest now by holding them in your wallet. It's a bloodbath today in crypto (and therefore other markets are tracking that way). I am long crypto for sure thoughThe main reason for the sell off imo is that coins do not produce any dividends, you are only hoping the price goes up. This sounds much more like a growth stock than a tradional dividend paying stock.
In a rising interest rate environment, growth stocks get hit and dividend paying stocks (take Coca Cola for example) fair better.
I think the coins will be correlated to the market (beta) fairly closely in the short term. However, over a 10 year period or so I think BTC outperforms the market.
Also, these decentralized network technologies are still in their infancy so there is a lot of work to be done in determining their actual value. It’s going to take many more years for the market to fully develop.
Will more people be using BTC 10 years from now or less? I can only answer more people, and that’s why I think it’s going higher. The more people that use BTC the higher it will go.
Well many coins do produce interest now by holding them in your wallet. It's a bloodbath today in crypto (and therefore other markets are tracking that way). I am long crypto for sure though
Because the same organization(s) own both.Been a bloody week, especially for crypto, but I would have thought that crypto would be decorrelated from equities. But crypto just seems to move in the same direction, just harder
I'm still learning about the crypto market value but did Bitcoin just lose 2 grand in 30mins? this is the kind of stuff thats makes me iffy
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Idk but could people be moving their risks out of Bitcoin and into the stock market bc war is right around the corner.... but stocks are crashing too so who knows
I try and read all the info you post bc i can actually obtain and process it somewhat lol.. alot of the crypto talk is almost like a foreign language to me....and its frustratingCrypto is still highly speculative. It doesn't have a long history to base value off of and its use cases are still being discovered daily. There are a lot of unknowns, including government regulation, so it probably should be volatile. Markets are at work determining a value for this technology and it seems to be functioning properly in my opinion. The markets are intact and efficient and that is whats important imo.
I don't know what the prices of the coins will do in the short term, but i feel good that in the long term they will have use and be good investments.
Its really hard to scoop the bottom or sell the top. I just have coinbase buy a set amount of BTC once a week.
10-4, thanks for clarificationThe coins themselves do not produce interest. The act of you lending them out produces interst.