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Everything is down though and this just lets people who’d like to bash crypto a reason to bash crypto. Etsy stock is also down more than 50% from its high but
by cassac 5y ago
Everything is down though and this just lets people who’d like to bash crypto a reason to bash crypto. Etsy stock is also down more than 50% from its high but nobody is bashing Etsy. What does it all mean????
- kkjjkgjjgg 5y agoI wonder if it is a rehash of March 2020, when Covid started for real. Except now in reverse - nobody knows what to expect, everybody is extremely nervous.
- wbsss4412 5y agoAre people evangelizing the benefits of Etsy stock over fiat currency?
- cassac 5y agoNo, but they are saying that bitcoin losing 50% from its high is saying something about it. But Etsy dropped the same amount in the same time period. Which is causation and which is correlation?
- wbsss4412 5y agoEtsy market cap: ~20 billion Bitcoin market cap: ~656 billion Is it really that hard to figure out? Edit: re correlation v causation. That’s the problem, people having been pumping Bitcoin as an alternative to gold, it’s supposed to be uncorrelated to the stock market…
- nexuist 5y agoBy definition anyone who is trying to get you to buy stock of any kind is trying to get you to believe in the benefits of stock holding over saving fiat currency, so I think it is fair to say people are evangelizing Etsy stock the same way they evangelize Bitcoin.