Bitcoin

iclfan2 Reppin' the 330/216/843

9,465 posts 99 reps Joined Nov 2009

Mon, Aug 5, 2024 9:06 AM

The market is obv fucked, but damn Bitcoin is down almost 18%? Is this just copying the market downturn?

j_crazy 7 gram rocks. how i roll.

8,623 posts 30 reps Joined Nov 2009

Mon, Aug 5, 2024 9:31 AM

posted by iclfan2
The market is obv fucked, but damn Bitcoin is down almost 18%? Is this just copying the market downturn?

is it copying the downturn or predicting it?

justincredible Honorable Admin

37,969 posts 249 reps Joined Nov 2009

Mon, Aug 5, 2024 10:39 AM

gut Senior Member

18,369 posts 116 reps Joined Nov 2009

Mon, Aug 5, 2024 10:47 AM

Seems to be mostly a high beta play on the markets. Rates rise, bitcoin falls. Liquidity dries up? Bitcoin falls. Recession fears? Bitcoin falls.

At least now the movements seem to be related to something actually real. So I suppose that's progress for crypto.