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Started By
Message
re: Official CryptoTalk Thread
Posted on 5/19/21 at 1:28 pm to bayoubengals88
Posted on 5/19/21 at 1:28 pm to bayoubengals88
1
Posted on 5/19/21 at 1:34 pm to DVinBR
Posted on 5/19/21 at 1:39 pm to rocket31
quote:
a market that stays open 24/7 and doesn’t have halts would look like this.
thats what all the tradfi guys dont understand or fail to acknowledge when they talk about volatility
No, no it wouldn’t.
Crypto has a shite ton of volatility even in longer stretches of time. Embrace it.
Posted on 5/19/21 at 1:46 pm to slackster
quote:
No, no it wouldn’t.
yes, yes it would
see GME for reference
Posted on 5/19/21 at 1:51 pm to rocket31
quote:
see GME for reference
That’s one stock. The entire crypto market fell like 20% or more in an hour. That wouldn’t happen to the entire equity market, much less fixed income markets.
I’m the entire equity market doesn’t average 100% annual returns though either, so it’s not really a competition.
Rocket, you crack me up with how much you seem to care what traditional finance folks seem to think.
Posted on 5/19/21 at 1:56 pm to slackster
quote:
That’s one stock. The entire crypto market fell like 20% or more in an hour. That wouldn’t happen to the entire equity market, much less fixed income markets.
You must be too young to remember March 2020
Posted on 5/19/21 at 1:56 pm to slackster
quote:
That wouldn’t happen to the entire equity market, much less fixed income markets.
Uhhh, didn't the breakers trip a few times in 2020?
Seems to be a bigger deal considering how much more money was in the stock market compared to crypto....
Posted on 5/19/21 at 2:00 pm to maclauer
quote:
You must be too young to remember March 2020
, there was nearly 18 hours of news weighing on the market at open. If it traded 24/7 there would be less volatility, not more. I never thought I’d see people arguing that crypto is incredibly volatile due to administrative features. Something that rips 10x or more per year on a regular basis is going to be volatile as hell.
If you want more traditional volatility, you’d have to accept more traditional returns. This isn’t rocket science.
Posted on 5/19/21 at 2:01 pm to JayDeerTay84
I am back on the plus side by $3.51. Woohoo! 
Posted on 5/19/21 at 2:04 pm to slackster
quote:
I never thought I’d see people arguing that crypto is incredibly volatile due to administrative features. Something that rips 10x or more per year on a regular basis is going to be volatile as hell.
If only we had the Fed to prop us up... I guess I might be salty too if the Fed poors all that money in and still cant outperform this little ol space...
This post was edited on 5/19/21 at 2:05 pm
Posted on 5/19/21 at 2:07 pm to JayDeerTay84
quote:
Uhhh, didn't the breakers trip a few times in 2020?
Seems to be a bigger deal considering how much more money was in the stock market compared to crypto....
The market fell more than 22% in a day on Black Monday with and entire weekend of mounting selling pressure hanging on it. 24/7 markets - even without circuit breakers - would curb equity volatility, not increase it.
Posted on 5/19/21 at 2:10 pm to JayDeerTay84
quote:
If only we had the Fed to prop us up... I guess I might be salty too if the Fed poors all that money in and still cant outperform this little ol space...
why are some of you so defensive? Who if crypto is more volatile than traditional asset classes if you’re stacking sats?Posted on 5/19/21 at 2:12 pm to slackster
quote:
there was nearly 18 hours of news weighing on the market at open. If it traded 24/7 there would be less volatility, not more.
Without halts and a 6.5 hour trading window liquidity would’ve been even thinner. It’s a ridiculous take to say that controls put in place to reduce volatility and market breaks actually enhanced volatility.
But I’m not even sure what you’re arguing. No one said crypto isn’t volatile and no one said it was less volatile than stocks and bonds.
Posted on 5/19/21 at 2:19 pm to slackster
quote:
why are some of you so defensive? Who if crypto is more volatile than traditional asset classes if you’re stacking sats?
Correcting you does not mean I am defensive... But you know, you then changed the narrative around instantly so I get what you are trying to do now...
Posted on 5/19/21 at 2:20 pm to maclauer
quote:
It’s a ridiculous take to say that controls put in place to reduce volatility and market breaks actually enhanced volatility.
I disagree, obviously, but I don’t want to derail the thread anymore than I already have. Just want to comment on rocket’s take.
quote:
But I’m not even sure what you’re arguing. No one said crypto isn’t volatile and no one said it was less volatile than stocks and bonds.
Rocket kinda said that, but I digress.
Posted on 5/19/21 at 2:23 pm to slackster
I think the point is crypto is definitely more volatile...but the lack of circuit breakers and windows contributes to that.
I'd also throw out the lack of the SEC helps as well because manipulation is legal, for now.
I'd also throw out the lack of the SEC helps as well because manipulation is legal, for now.
Posted on 5/19/21 at 2:33 pm to maclauer
Now would be a great time for Elon to put that billboard up. I have many millions of Dogelons.
Posted on 5/19/21 at 2:41 pm to TigerTatorTots
Volatility isn’t really a bad thing, either, as long as you’re being paid for it, and BTC has paid you for it in spades.
Posted on 5/19/21 at 2:51 pm to jimbeam
Throw the plan b charts out.
Of course his 100 to 288 included part of 2022/23
Of course his 100 to 288 included part of 2022/23
Posted on 5/19/21 at 3:05 pm to slackster
Yea, I don't mind the volatility at all. It is still a new asset class with zero regulations.
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