BTFD?eyephone said:Crypto taking a deep dive.
sleepy5136 said:BTFD?eyephone said:Crypto taking a deep dive.
fatduck said:Yeah regulated brokerages would never do such a thing
https://www.bloomberg.com/news/arti...bitcoin-in-the-last-year-with-less-volatilityApple Inc. just briefly breached the $3 trillion mark. Not only that, it has officially outperformed Bitcoin over the last year.
Apple is up more than 40% over the last year, whereas Bitcoin is up just over 38% during that time.
So not only have you gotten paid more to hold Apple than Bitcoin over the last year, you didn?t have to suffer much in the way of stomach-turning drawdowns.
Bitcoin had a greater than 50% drawdown from last April to its July low. And then another 31% drawdown since its November peak. By contrast, Apple?s biggest drawdown came early in the year, and it was closer to 19%.
Over the last year at least, you had to stomach some pretty big swings to get returns that aren?t as good as the company that makes your phone.
morekaos said:The end is neigh...
Matt Damon?s sold his soul for crypto?: Actor is roasted on social media for commercial in which he tells people to invest in Bitcoin because ?fortune favors the brave?
Matt Damon spearheaded a commercial for cryptocurrency that aired during Sunday's NFL games and has made Twitter users cringe
The ad likened purchasing Bitcoin to landing on the moon as Damon strolled down a sci-fi-esque hallway talking about how 'history is filled with almosts'
Vignettes nodded to explorers sailing and climbing Mount Everest, as well as nods to the Wright Brothers, before flashing 'Crypto.com' at the last second
Crypto.com, which sells cryptocurrency and NFTs, donates $1m to Water.org, a nonprofit co-founded by Damon that brings safe, clean water to people in need
Many users tweeted that they felt as if the actor, 51, was calling them a p***y for not spending their life savings on crypto such as a '$378,000 cartoon ape'
One tweet called the ad an insult to Damon's 'own cinematic legacy from The Martian,' where he played an astronaut stranded on Mars
https://www.dailymail.co.uk/news/ar...ople-invest-Bitcoin-fortune-favors-brave.html
CalBears96 said:I would rather put my money in Apple than Bitcoin.
For something that volatile, looking back in history, they are pretty short lived ~3months. We are 2 months from the top currently. In the end, it's not really an issue if you're not selling.Liar Loan said:With yesterday's drop, Bitcoin is now lagging the broader stock market (S&P, Dow) over 12 months. The current crash ($69k --> $43k) is at -38%.
(Although measuring a peak-to-trough crash is now called #cherrypicking by CalBears and IHO...LOL)
sleepy5136 said:For something that volatile, looking back in history, they are pretty short lived ~3months. We are 2 months from the top currently. In the end, it's not really an issue if you're not selling.Liar Loan said:With yesterday's drop, Bitcoin is now lagging the broader stock market (S&P, Dow) over 12 months. The current crash ($69k --> $43k) is at -38%.
(Although measuring a peak-to-trough crash is now called #cherrypicking by CalBears and IHO...LOL)