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Why Are All My Cryptos Down? (FT Alphaville, Bryce Elder)www.ft.com/content/c3259063-8b35-4a04-b571-0eaf78146830
953 sats \ 12 comments \ @denlillaapan 11h econ
The Elderflower tells us that
Here at Alphaville we pride ourselves on being crypto’s least conflicted news source, so when there’s a puke in fantasy money markets it’s natural you’d turn to us for answers.
Some explanations for why stupid fantasy money markets puked in recent days:
  • "major market worries," whatever that means
  • broader macro uncertainty
  • delayed reaction to the Bybit hack
  • Milei's rugpull
  • "crypto's beshorted fallen angel," OK no idea.
Or maybe it’s the realisation that the pro-crypto Trump administration won’t just be baghodler of last resort.
More importantly, nobody knows why market prices move. Everybody, me most certainly included, want to know why when bitcoin pukes it does what it does. Everyone interested in any asset feel the same way about sudden movements. And the very unsatisfactory answer is that nobody knows.
These graphs by Mr. Elder are not exactly encouraging either. Bull market cut short? Have to see the simple truth (there never was a bull...)?
Alphaville being Alphaville I guess they had to run a story like this. Oh well.
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45 sats \ 2 replies \ @Aardvark 11h
I never know why anything does anything. I just know that the last time I bought was at 104k, so when I bought today at 88k I felt pretty good about it. I even bought it 2 days earlier than I normally do (last day of every month).
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42 sats \ 1 reply \ @Undisciplined 10h
I don't know why people get so worked up over these fluctuations. When it goes up, I'm a genius, and when it goes down, it's on sale. Win-win.
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37 sats \ 0 replies \ @Aardvark 9h
When it goes up, I haven't bought enough yet and when ig goes down I'm a moron. Lose lose!
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29 sats \ 1 reply \ @SimpleStacker 7h
They should call it betaville or sigmaville because Bitcoin's alpha is great, and this article is mostly about beta/sigma
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30 sats \ 0 replies \ @denlillaapan OP 6h
EXCELLENT suggestion.
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14 sats \ 0 replies \ @SwapMarket 8h
bots harvest stops. what's about 90% of large moves.
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14 sats \ 5 replies \ @Satosora 8h
Just keep stacking. You will never lose if you just focus on stacking bitcoin and nothing else. Everythibg else is just noise.
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10 sats \ 4 replies \ @denlillaapan OP 7h
some of us lousy fucks gotta pay bills. #896283
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0 sats \ 3 replies \ @Satosora 7h
Have to do the math carefully. As an adult, you should know how much you are spending monthly. And have a savings account for emergencies. The rest gets stacked into bitcoin forever.
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0 sats \ 2 replies \ @Solomonsatoshi 7h
Sold at the top. Living costs covered for another year...or two. If you can't see that China has already won the trade war, I can't help you sorry.
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0 sats \ 1 reply \ @Satosora 7h
China hasnt won shit. They cant even get Taiwan.
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0 sats \ 0 replies \ @Solomonsatoshi 7h
China enjoys trade surpluses with almost all nations. Most nations need to trade with China or suffer considerable economic disadvantage. The USA has endured trade deficits with the world since the 1960s. The wealth of China is built on productive efficiency- paying the best prices for commodities and manufacturing them into the most competitively priced manufactured goods the world wants. USA consumes more than it produces and can only sustain this because it prints the global reserve currency...a legacy of its former economic strength. Fort Knox is empty. USA is close to insolvency. USD reserve currency status is liable to collapse as more nations adopt bilateral payments with China- as Iran, Russia, N.Korea and others already have, This is why Trump hysterically threatens BRICS nations with 100% sanctions if they join- because the USD is liable to collapse if they do. Game nearly over for USA. More and more international trade is done outside of the USD SWIFT hegemony. China increasingly facilitates trade payments via its alternative trade payments routed via Hong Kong and its CBDC Yuan. Deal with it. If you can...or just cry. You can't credibly refute it.
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