Still think TITNC3: Return of the Iceberg was peak

$DWAC Sell off fueled by consumers realizing DW stands for Don West.

https://m.youtube.com/watch?v=gHf-X8OVRy8

 

Why do I feel like the bigass banks have been hyping 75bps so that if it comes in 50 they can gobble bajillions off misplaced short term options?

 

Yep. October.

Of last year. lol

 

DWAC starting to run again.

 

Ok it's just a little behind schedule. It's still good! It's still good!

https://youtu.be/spqDzX7UDIA

 

This could also be called 'The Birth of Middle Management'.

 

*Turns Off The Buy-A-Tron*

 

Because you are entirely too optimistic.

 

Being suspicious of bad faith bank behavior is optimistic?

 

When I read this, I think of Yosemite Sam keeping the Yankees in their dugout in Chattanooga.

https://www.youtube.com/watch?v=ybbwaL22j0o

 

Yes. I love big banks.

 

baby got bank.....

 

Or maybe crypto is an inherently riskier investment than something like an index fund and in times of market uncertainty/doubt the risky investments are the first ones to get sold off? BTC = Tulip

 

This would be my argument. Since there's no value production a lot of folks stay away or get out early.

 

Or maybe it's just a huge sophisticated Ponzi scam?

 

Anyone still following REdbox?

 

BTC might be risky and the first to be sold, but I wouldn't compare it to tulips.

Or maybe you could, since BTC has no real utility.

But other crypto projects and their respective blockchains have plenty of utility. Look at Cardano or Ethereum -- both of those projects are being leveraged in a variety of ways beyond pure speculative investments, with many other promising projects built atop them.

So while BTC may take a while to (or simply never) recover, I think other projects (unlike tulips) will regain their lost value. This rumored "crypto winter" just seems like an extended buying opportunity in my uninformed opinion.