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Even with tens (hundreds?) of millions spent advertising on the Superbowl this year, crypto briefly went green, and is now lower than Feb 13th. I believe every
by bearjaws 5y ago
Even with tens (hundreds?) of millions spent advertising on the Superbowl this year, crypto briefly went green, and is now lower than Feb 13th.
I believe every corner of the market has been reached and has either bought in or is not buying.
- bombcar 5y agoMakes total sense if you realize half the players KNOW it's a scam and are just trying to get out before the crash, and thing the Super Bowl ads are a great "shark jumping" indicator. Perhaps eerily similar to the last time the Super Bowl brought down a major tech craze ...
- PretzelPirate 5y agoYou can say the same about the S&P 500. Crypto isn’t immune from large world events that create uncertainty.
- dylkil 5y agopaypal down -65% since last september, it must be out of suckers to scam /s
- csee 5y agoWell a lot of that is Putin related.
- shiado 5y agoAmericans by and large aren't able to trade crypto in any meaningful way to impact the markets, unless they are an American institution operating on foreign exchanges. Look at trading volumes by pairs and exchanges. The US occupies a small portion of overall spot trading and is absent in derivatives trading, which is almost all of the crypto markets. It's no wonder superbowl ads have no impact on price.
- hollerith 5y agoInteresting. Is that mostly because Americans are subject to laws and regulations non-Americans are not? Is it mostly because of US anti-money-laundering laws?