Stop Saying Crypto Crashed This Week (Not You, The Other Guys)

Stop Saying Crypto Crashed This Week (Not You, The Other Guys)


It is really odd how many articles you can find saying that cryptocurrency crashed this week. There has been a lot of action that has caused a downward trend, from India regulating crypto, the the Mt Gox settlement and other factors, but, that does not mean I should see plenty of articles about crypto crashing.  It is just clickbait and it is annoying.  I am guessing that most of the readers are people who don''t own crypto wanting to try and feel good about themselves because Bitcoin dropped 50 points.  

Well, here is a shocker, Bitcoin is up about 200 percent over the last twelve months and was at an all-time high just two weeks ago.  Not exactly a crash. Let us not forget we are talking about a currency that has has given up 50 to 80 percent of its value multiple times in the last four years.  Pretending like it dropping back under 60,000 is a crash is showing that you haven't been paying attention.

Here are just a couple of the articles out there:

  • Cryptocurrency crash: Bitcoin, Ethereum fall in value. Hindustan Times
  • BITCOIN, ETHEREUM and DOGECOIN Prices Crash- The Independent
  • Dogecoin, Bitcoin Crash Up To 20% On Domestic Exchanges. The Economic Times
  • Why Bitcoin, Ethereum, and Solana Are All Crashing. The Motley Fool

 

Feel free to call this recent drop a crash, but, it seems to show you are looking at crypto the same way you are looking at Mutual Funds or you r 401k, if you do.  

 

 

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SeventyFourSeventyFive
SeventyFourSeventyFive

I am an American aquarium drinker. I assassin down the avenue. I'm hiding out in the big city blinking. What was I thinking when I let go of you?


Interesting Thoughts, That Aren't Always Mine
Interesting Thoughts, That Aren't Always Mine

Just tidbits and info about whatever comes to my mind.

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