3 ms·
Collapsing is a strong word, but their very tightly tied to whatever the crypto market is doing..which is not good at the moment.
by rco8786 4y ago
Collapsing is a strong word, but their very tightly tied to whatever the crypto market is doing..which is not good at the moment.
- swyx 4y agoeh. BTC is up 40% year to date. FTX may have been the bottom of this cycle.
- rank0 4y agoYTD is like 25 days… what’s the TTM?
- swyx 4y agoparent comment said "not good at the moment" so just responding to "at the moment" its actually not as bad as the haters would imagine (e.g. its well above the 2020-era ceiling of $16k despite much tighter monetary policy and crypto institutions failing all over the place)
- rco8786 4y agoI meant like crypto as a whole. The 2020 shininess has worn off. NFTs are all dead. Web3 is being forgotten. The main news stories are about fraud and hacks.
- rco8786 4y agothe price of BTC != the crypto market
- carrja99 4y agoAre they? They’re tied to people putting money in and out of their platform, not to how much Bitcoin is worth.
- rco8786 4y agoYes, trading volume has fallen off a cliff in the last couple quarters.