Investors have seen their crypto fortunes disappear in the past weeks as a massive sell off of digital assets dealt severe blows to the global market. Last Thursday alone, $200 billion was sold off from crypto markets as the value of Bitcoin and other digital currencies tanked. In the past months, nearly $1 trillion – almost half global market value for digital currencies – has been wiped out.
The downturn comes at a time when crypto investing has gained wider acceptance by the finance industry. Many analysts say the crypto market is mirroring ongoing declines in traditional markets that have been hit by rising inflation and a spike in interest rates.
So can cryptocurrencies make a comeback, and is more scepticism warranted? Diehard investors are choosing to weather the storm and remain optimistic that crypto adoption will continue to grow. And in the face of global economic uncertainty, more traditional investors may continue looking to crypto to diversify their assets.
In this episode of The Stream, we’ll talk about the latest crypto market crash and what it could mean for the future of digital assets.
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42 Comments
Wanted more insight from Nick.
Crypto currency is nothing but a string of computer codes.
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good for rouble?
Nigerian Crypto Coin line me up
Crypto is a naturally assembled ponzi scheme – Nicholas Weaver
Cryptocurrency: A hopeful new currency to move away from centralized currency.
Except, you buy Cryptocurrency with centralized currency and to alleviate fears, Cryptocurrency is pegged to centralized currency to help keep it stable, which didn't actually work.
And while the argument is Cryptocurrency is decentralized, who's actually in control of these different Cryptocurrencies. What committee by majority was running Luna?
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But the fruit of the Spirit is love, joy, peace, forbearance, kindness, goodness, faithfulness, gentleness and self-control. Against such things there is no law. —Galatians 5 : 22 – 23
Don’t delay, you should immediately trust Jesus Christ and God!
So basically next ww3 ll crash your 0 to 9 A to Z systems of this world, what you ppl gonna do? idnt think there ll be next generations left behind they may but few back to stone age.
A bullshit investment for people with little if any idea
As soon as you bought in a Nigerian coin maker, that was it for me.. sums up this idiot ponsie scheme to me
Crypto currency is a hoax with no reality to Back it up.
Nick was the devils advocate and he played his role very well.,,
Crypto is bad for global warming. We need to be reducing our carbon emissions not thinking up new reasons to release more
well , some romanian made the first prototype electric car wich uses engines on back wheels , wich will cost some 400k $ , so over 1000 would be 500 million $ , and with 500 million $ , u would buy a house that u would get a 2-3 million bugatti for free , ur shivering , what u think is crypto curency.
We’ve got to hold on to what we’ve got(HODL) It doesn’t make a difference if we make it or not(Literally HODL)We’ve got each other and that’s a lot for love(Thing u say to ur wife after losing the joint account savings)We’ll give it a shot(well ) Woah, we’re half way there (to living on the street)Woah, livin’ on a prayer(literally )Take my hand, we’ll make it I swear(sort of) Woah, livin’ on a prayer Livin’ on a prayer(literally).
Bon jovi already predicted this🤣
The best currency for criminal sindicates and despotic states. Perfect investment for fools who want to hand over the little they have over to those who 'own' you.
The new fetna of the followers of Dajjal
To the moon.
The bullish is definitely coming for Cryptos…Why is the stocks bearish?
Because stocks "can" create value. They mostly don't, they are speculative, same problems, but they "can". Crypto (as a currency) only looses value. Not only it does nothing, on every trade value is lost (a lot of energy is consumed), which is a value that has to be restored from the outside, meaning you need new investors that will sooner or later discover their money was gone to pay the electricity-graphic_cards bill of the miners.
CRYPTO IS A PONZI SCHEME DON'T INVEST IN THAT CRAZY SCHEME THEY DON'T HAVE ANY VALUED ASSETS.
Great video!!…my 8 months old bitcoin portfolio has smashed $450k in value from an initial allocation of $180k. Trust me you can feel the pain of discipline early or feel the pain of regret later, your choice to make
👆👆👆 wondering how to make good profits, despite the downturns?
Yes.. Crypto is One massive scam. Humanity must first Align with the "Way of Life" as recommended by the "One Most High". Wealth, sustainable and generational, are accumulated through hard work, not necessarily the physical type, but more the spiritual kind. Until we wake up and understand that there exist a Central Source, whom created All things that exist. We get to co-create by alignment with that Benevolent Source… That is my spiritual and human experience anyway.
im 💪
What’s next? …. Move back with relatives…. Sell all ones assets for some cash…. Ahhhh get a third job…. Start eating cheap junk food to survive….. there is lots of ‘what’s next’.
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People act like crypto is a mythological being appearing every now and then lol. So stupid, would never invest in something i couldn't see.
GOLDEN RULE;
NEVER BELIEVE SOMEONE WILL MAKE YOU RICH WHILE YOU ARE JUST SITTING DOWN.
WHAT A GREAT SCAMM,
We should just wait till 2023 and start buying. By that time bitcoin will have made a clear bottom and opening up a clear reversal pattern.
Crypto trash
Great conversation I’ve been trying to understand this crypto stuff for some time feels more like a Ponzi scheme than anything of value but did recently buy into a crypto mining company lol
<It is amazing what you do, the amount of time and effort you donate is astounding, thank you thank you… You give me confidence.. so glad I found your channel. This is a perfect time to partake in trading as it is volatile. I've made over 19.2 BTC when I started at 2.5 BTC in just a few weeks with Jenna Twartz Analysis her strategy is so satisfying
Nick bought at the top. Lol.
There's basically no safe investment yet there are
those who will put life's savings all in one type of investment. That's just been (I'm sorry to say this) stupid. Even before the crash & knowing current events ,more stable & safer money is in precious metals like gold etc.Along with all advices these people have shared I'd like to add another Split your money into 3 piles.Keep 1/3 in a long term investments,another 1/3 should flow through your business or if you don't have your own then through short term investments or sales etc.Last 1/3 is for living.Thus way it cannot happen that you'll lose all your money because of 1 crash & you also have a greater chance to profit in multiple fields.
All these folks talking over each other made trying to understand what they were talking about a little bit more difficult.
That being said, it still looks like when this is all said and done, rich people will get richer and poor people will stay poor and poorer.
Thank you Fem. Nicholas, critics are always useful, but please, a bit of objectivity in your radical view.
With all due respect all 4 of you need more clarity in your thoughts to tackle such an important subject as blockchain, albeit not the definitive platform for the future, it is definitely a pivoting pillar. The technological advances alone are tremendous value and YES besides the memecoin/NFT hype which take advantage of the large number of uninformed dabblers out there, there are major projects that have tremendous value and offer invaluable services, security, empowerment and decentralization for data processing, tracking, storage and the platforms shifting the web landscape to web3 offer more value for the future than can be summed with the points of vue covered in the debate: it remained shallow and too fast to tackle the real value at stake, especially with the warped perspective of Nicholas stalling the conversation.
Why does non-centralized always equal good with fringe people?
I like the idea of crypto being a platform for Global South players to enter into the Global North without their wealth being at a immediate disadvantage because currency conversion.
Maybe if most crypto platforms weren't engineered to have %10,000 growth models than people would take it a as a serious investment.