Faz's Crypto Thread

the point of money is to enjoy life and give opportunity to those with none.

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Bump

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Great correction when

Last November

Most alts are already -75%

I mean the whole economy correcting again

Crypto will get real fun

I'm hoping that it'll kill off all the crap projects and people can finally shut the hell up about the worst projects in crypto

yea for how long, remember 2017

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I mean never but eventually good projects will have utility and it won't feel like the scene is perceived as a scam as a whole for it

I think crypto market is handling the blood a lot better than regilar market because this volatility is expected.

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I think they're handling it worse

Market dips. Abit and crypto dips Abit more than that it's natural

All of these companies deserved these dips and they're not indicative of the market as a whole imo

Maybe not Shopify

Yeah I checked for you they all have good reasons to dip

Crypto has never experienced an equity bear market.

Crypto has also experienced several 95% bear markets.

Now that equities are in a bear market, bitcoin is only down roughly 40%

It's holding up better than most people thought despite economic headwinds

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The only stock that dropped and doesn't have fiscal reason to do so is Facebook but it's because they're a PR disaster so

You're right though it has essentially become a leveraged nasdaq.

It's price action is at an all time high correlation with the nasdaq, and no other time has come close

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