6 ms·
I'm just spitballing, but we don't yet know the full effects of FTX folding. We don't know who holds what where.
by ricardobayes 4y ago
I'm just spitballing, but we don't yet know the full effects of FTX folding. We don't know who holds what where.
- noveltyaccount 4y agoI've said to friends: the pin's out of the grenade. We'll see what happens next.
- FollowingTheDao 4y agoI would say bitcoin crashing 12.5% today is one effect.
- deleted 4y ago[deleted]
- stephc_int13 4y agoThe day is not over yet. I wish I had popcorn.
- londons_explore 4y ago12% isn't an unusual day for cryptocurrency. 80% is newsworthy.
- sharkjacobs 4y agoI have no idea if this is a frank and earnest assessment or baseless hyperbole, how many times has the price of bitcoin moved >=12% in 24 hours? Has it ever moved 80% in one day? edit: What I want to run an analysis of the actual data but I did the "next best thing" which is googleing around and reading arbitrary articles, and what I've found is -22% on 15 January 2015 +28% on a single unspecified day in July 2017 +~25% on 7 December 2017 +~20% on 1st April 2019 I'm sure I've missed some, and there are other, possibly more dramatic spikes and crashes, that happen over longer periods, but this is enough for me to say that a 12% swing in one day is newsworthy, but not frontpage newsworthy
- drexlspivey 4y agoI count 21 occurances with 12%+ rise and 19 with 12%+ drop
- andirk 4y agoPopcorn meaning you enjoy this? Did you have popcorn in 2008 when the economy was freefalling? Popcorn when people are financially harmed in other ways? You can be a bitter anti-crypto person without _enjoying_ people's pain wtf.