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Most of them do, and you should be skeptical of all of them in my opinion. Including Matic. I'm skeptical until I see actual working and verifiable Tech being used in real life cases. But for me being skeptical doesn't mean I'm not willing to risk money on something that looks promising...

Crypto starting to tank, so if it's still a precursor, stonks will follow

https://decrypt.co/103632/polygons-matic-up-20-amid-whale-accumulation-carbon-neutrality-push Personally, I also think Polygon's constant development and innovation in the Web3 space is another huge reason. Stuff Luke this: It's the most undervalued coin imo

MATIC :emoji_rocket:

Respect for holding through 60k. Saying no to a $55,500 profit couldn't have been easy.

https://www.google.com/amp/s/www.nytimes.com/2022/06/16/opinion/sway-kara-swisher-chris-dixon.amp.html Good interview with Chris Dixon (pretty much the spokesperson for Web3) on Web3, the current state of crypto in this downturn, and the future. It's pay walled but you can still listen to it...

The Burry vid gives a pretty good explanation as to why a negative macroeconomic environment (like the one we are in) creates an autocatalytic downturn cycle that affects the stock market as a whole. And why, regardless of an individual company's efforts to mitigate the downturn, such a cycle...

Guess I'm riding the inverse etf train for a while longer

I think I said this once before but I'll ask it again: have you never read a Flobee post? He believes that all alt coins (including ETH) are scams to try and steal his bitcoin. How do you think he's going to feel about matic?

Yeah, well nobody said which Christmas

Lots of ride or die people in this space, some of which have been holding for many years through crashes worse than this. That's one reason neither Bitcoin or ethereum are going to go to zero. And both will eventually be back up

17,800 and still sinking. At this point I'm expecting a goddamn stock market crash on Tuesday.

If the stock market keeps dropping, crypto will keep dropping. I'm personally beginning to view after hours crypto action as an indicator of what the stock market is going do when it opens. The last several significant crypto drops have presaged corresponding drops in the stock market...

VB is the only one in that trio that looks remotely remarkable and he's always looked like Tom Brady on meth

There is a happy medium between a more engaging and tactical combat experience than 3.5 was offering and a "video game" style experience. 4th edition just wasn't it. Frankly it did improve some elements of combat from 3.5, but what it lost in role-playing value ruined any value it had. Not...

I don't know where this whole "crypto isn't connected to the stock market" and "bitcoin is a hedge against the USD" stuff is coming from. Who said that? Because no one here did that i can recall. Literally all you have to do is look at a chart to see crypto has never separated from the stock...

And ETH below 1k. Plenty of time to recover before Tuesday, but if they don't I think it spells bad news for the market after the holiday.

Did they actually give a reason? I must have missed it. I was wondering the whole time while they had to use older gen planes

I've got reasonable privacy concerns, sure. The "great news" thing applies to how this is going to impact crypto as a whole, which I think will be very, very positive. I've honestly avoided thinking about the privacy angle because it's a complex issue and I haven't felt like devoting the...

Not sure why they would outlaw competing currencies. Tons of currencies currently compete with the USD. Are they going to outlaw the euro? The yen? I don't think so. I'm not even sure they would be able to do it if they wanted to. Crypto is a ship that has already sailed. Privacy...

This is great news. This will transition millions and millions of new people into the digital currency market. UBI/Stimmy checks would only increase the value of BTC and other coins by inflating the value of the CBDC. Unless you think they will outlaw BTC, I don't see how you can view this as...

Been riding the same train. It's been good so far. When to get off is always the question, but like others in this thread have mentioned, I don't see any reason good economic news in the near future, so I'm going to keep riding.

Sure he does. It's the settlement they are interested in, the asking price is just a number. Pick one out of the sky, it doesn't matter. A lawsuit for more than that crossed my desk last week.

Well, ok... I guess it could be part of some grand conspiracy rather than just a couple of dudes trying to get easy money. You know Musk gets sued on a daily basis for shit like this right? And he has been for years- long before the recent political stuff. Same with Zuckerberg, and Kalanick...

Yes, of course, Occam's razor and all that. Not sure if you're joking, but I'll assume you are since this is a frivolous lawsuit that will have zero impact on anything Musk does. Musk himself will spend zero time on this. One or two of his lawyers (or more likely a legal assistant) will draft...

That guy's lawyer is presumably working on a contingency fee and is probably hoping for a fast settlement. In the case of crypto, a pyramid scheme is pretty close to the long term version of a pump and dump. Plus, I'm sure they took a look at the case law and realized they had a much higher...

I've been shorting using PSQ and REK. You won't get the gains you get by shorting individual stocks but its much much safer and you still make money in a bear market.

I get what you're asking though: why now, and suddenly? As in- did they get some new significant info that substantially changed their outlook for the worse?

Presumably with something like a recession or a crash it could go quite a bit lower though, right?

A lot of people in crypto made a LOT of money in 2020, and I'm sure this is partially a reaction to that. Also, I'm sure the IRS realizes like most of us that crypto isn't going anywhere, and eventually it's going to be headed back up in value.

It may never manifest either. I'm just not personally prepared to dismiss the fairly convincing evidence I've seen as "just FUD" though. I think there are legitimate concerns with tether. Tether has been the elephant in the room that keeps getting larger every year. Hopefully the concerns...

A lot of the people voicing concerns for tether over the last year are very pro-crypto people who gained nothing from producing tether fud.

Shake out the weak and the overleveraged

Yeah, well the Bitcoin and Ethereum maxis are as weird to me as the crypto haters.

Pretty sure they are already the top dog Also, despite the crypto haters, crypto is certainly not going anywhere.

Well, in that regard crypto is more like a currency- which is supposed to be the whole idea behind crypto*currencies* anyway. Currencies can certainly go to zero.

What you've got to understand is that this whole thing was orchestrated to fuck Michael Saylor.

Crypto unlikely to find the bottom until the broader market finds the bottom. I suspect we are a long way from the broader market finding a bottom so....

Saylor's tweet isn't deleted