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Why/how was Bitcoin able to recover from its last crash? I get that "sentiment changed". But... who? Who was "afraid" of Bitcoin when sam bankman-fried got arre
by MuffinFlavored 4y ago
Why/how was Bitcoin able to recover from its last crash? I get that "sentiment changed". But... who? Who was "afraid" of Bitcoin when sam bankman-fried got arrested/FTX collapsed, sold their coins, waited, saw everything get better, bought back in? Based on the price action, we'd have to assume a LOT of people have done that. Like, enough for it to shoot fall 21k -> 15k on the FTX news, then 15k -> back up to 26k. I just don't get it. Who is dollar cost averaging into Bitcoin with their fiat (USD, EUR, GBP, JPY, whatever it is) every paycheck? Millions of people? Where's the proof, other than the fact that "the price is up"?
- flanfly 4y agoI'm not sure whether this is sarcasm, but in case it's not: I do.
- MuffinFlavored 4y agoDo you do this on top of investing U.S. equities for retirement? What % do you invest in equities versus crypto? What % of your net worth is exposed to crypto and what % minority are you in for perspective for doing so (aka, if 50% of your net worth is exposed to crypto, you're obviously in a very small niche group and "biased")