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This is what a healthy market looks like, without circuit breakers, without Powell stepping in, without the POTUS making emergency statements to contain the pan
by End_the_Fed 5y ago
This is what a healthy market looks like, without circuit breakers, without Powell stepping in, without the POTUS making emergency statements to contain the panic. Price discovery at its finest.
When you buy crypto you are effectively voting with your wallet against the Fed and all those phony protection systems
Every day more and more people are understanding the machinations of the Fed.
BTFD
- codyb 5y agoThis is one hell of a take. Give me a stable financial system any day. If, by understanding, you mean, realizing that having a centralized entity with a mandate to keep inflation to stable levels so the monetary supply doesn't swing wildly in value from day to day, sure?
- End_the_Fed 5y agoStability=stasis 1:1 human relationships are unstable as it is, think about a 300M individuals megasocial group where everybody is interacting with everybody and constantly adjusting. The Fed is like the doctor who fills up the patient with cortisone and throws away the thermometer to avoid reading the temperature We need ups&downs, love&hate, forest fires and rebirths. Anestetyzing the whole process makes me wonder what are we even thinking BTC mimics nature as opposed to the Fed which mimics the arrogance of man.
- woeirua 5y agoLet’s see you stick to your guns when BTC loses 95% of its value in a week.
- rawtxapp 5y agoIt already has done that many times over (20k->3k back in 2017). And people who would have kept buying would be in a great place right now.