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re: Why is crypto crashing?

Posted on 5/14/22 at 11:15 am to
Posted by arcalades
USA
Member since Feb 2014
19276 posts
Posted on 5/14/22 at 11:15 am to
fear and the undeniable fact it has no true value. neither does currency though but fools have been trained.
Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
7552 posts
Posted on 5/14/22 at 11:16 am to
There are more sellers than buyer
Posted by emanresu
Member since Dec 2009
9454 posts
Posted on 5/15/22 at 8:50 pm to
quote:

fear and the undeniable fact it has no true value. neither does currency

Intrinsic value of currency hasn't been the basis of an economy since the 1700s. Currency has whatever value society accepts, that goes for crypto and the dead trees in your wallet. It's no less real than bartering a sheep for wheat.
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