b9003 - 2y
This dramatic and violent de-correlation with gold, is why I warned people last week to not buy *too easily* into the narrative that bitcoin's price move was the beginning of an exodus from the banking system.
6fda5 - 2y
68k —> 16k felt violent 28,500 —> 26k feels not so bad
I’m not calling it a crash. I’m just saying the correlation broke down.
B.O.P @B.O.P - 2y
The beginning of an exodus from the banking system occurred in 2009
90784 - 2y
Zeeeee
🫂
KTP @russian - 2y
Что ты блядь такое несешь?
Marius @MariusFebruary - 2y
Exactly. I think you and Mike are just not talking about the same time window. It could well be that the "violent de-correlation" has disappeared tomorrow. So it was violent only for day traders and irrelevant for long-term investors let alone for people who adopted the Bitcoin standard.
so it was
