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CRYPTO BLACK MONDAY: Bitcoin, Ethereum CRASH 70% From All Time Highs | Breaking Points

Krystal and Saagar analyze the crypto black Monday that took place in markets yesterday as the free fall of Bitcoin and Ethereum continues to shake crypto traders

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Written by Breaking Points

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  1. I would agree with Krystal that most “crypto” is not backed by anything. However, BItcoin is backed by proof of work and has a finite supply, unlike USD.

  2. Krystal clearly doesn't know shit about crypto, she needs to educate herself.

    The Philosophy of Bitcoin and How it Could Change the World As We Know It | Robert Breedlove

    https://www.youtube.com/watch?v=d_34YjXAU5Y

    Raoul Pal's Introduction to the Exponential Age

    https://www.youtube.com/watch?v=0tJrla31t8I

    Crypto Update: Raoul Pal’s Sequel to the Exponential Age

    https://www.youtube.com/watch?v=q4pesTrC2Vg

    Anthony Pompliano on the Future of MONEY, and how BITCOIN Will Change The World As We Know It
    https://www.youtube.com/watch?v=wtIw_9uqKKw

    Susan Athey: The Economics of Bitcoin & Virtual Currency

    https://www.youtube.com/watch?v=JhdM4_iRHyE

  3. Good… I am waiting for a 1929 style market correction. The stock market is nothing but speculation and akin to gambling. I really want to see some capitalist ghouls throw themselves from the windows. And don’t come at me about regular Americans being in the stock market. We make up like 5% maybe 10% at most of what is invested in the market. I stopped my paycheck contributions at the beginning of the year and moved what I had to the safest thing you could move it to weather this shit. Everyday I contemplate taking out my vested amount and taking the tax hit before it gets completely wiped out by continued corporate gouging that makes actual inflation look worse, a fed that has been inept for decades and continues to wield its blunt instrument while claiming workers need to be paid less, and a shit show for an executive branch that couldn’t lead its way out of paper bag.

  4. Those of us in blockchain who are here for the tech will remain ❤️ Its a shame this amazing space gets exploited for greed 🤷🏽‍♂️ NFT’s are a HUGE innovation in ownership 🎯 I wrote a book on it, it’s bigger than Apes 👌🏽

  5. “My mother told me, some day I would buy, rockets with doubloons, off to distant moons, shoot up pass the stars, noble ship I steer, steady forth to haven, hold brothers hold, hold sisters hold them!”

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