lots of great answers here, thank you
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Buncha crypto normies among your followers, Mr Malice. Real reason is 1) crypto moves with S&P; 2) crypto traders know the S&P bottom isn’t in yet so people aren’t that worried about missing the train; 3) massive pent up demand for when we bottom.
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Less money available to invest when people are scared.. it’ll come late this year and into next as the flood of dollars hits the world.
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great answer, ty
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My guess is the smart money realizes it isn't a real store of wealth.
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The "smart money" needs a bailout
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It became mainstream in 2017? No longer has a viable use outside of day trading?
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connect with
@APompliano, would make for a good podcastThanks. Twitter will use this to make your timeline better. UndoUndo
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Most people invested in them are normies so they consider it a part of traditional investment rather than an emancipatory technology
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Coinbase released a study that showed retail bought this dip. The sell off was main Street. People gotta pay the bills first and foremost, and for that they need dollars. Bitcoin not crypto.
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