Cryptocurrency

Out of context: Reply #527

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  • grafician-5

    Aaaand another one...

    "The Vauld management wishes to inform that we are facing financial challenges despite our best efforts. This is due to a combination of circumstances such as the volatile market conditions, the financial difficulties of our key business partners inevitably affecting us, and the current market climate which has led to a significant amount of customer withdrawals in excess of a $197.7 m since 12 June 2022 when the decline of the cryptocurrency market was triggered by the collapse of Terraform Lab’s UST stablecoin, Celsius network pausing withdrawals, and Three Arrows Capital defaulting on their loans."

    https://www.vauld.com/blog/corpo…

    • Nothing like bear market to clear out the trash.shapesalad
    • You can't say it's much better in the S&P500 - many zombie companies there, all part of that vanguard INDEX fund you all think is 'safe'.shapesalad
    • @shape crypto is a house of cards, while the S&P is not ;)grafician
    • and S&P index has decades and decades of real performance, real companies. Crypto is a ponzi scheme with nothing behind it.formed
    • how many bailouts in those decades and decades of real performance?uan
    • What does that have to do w performance of stocks? How many companies in that were bailed out?formed
    • if they needed bailouts, specially the ones that drive the market, they didn't perform always well. their performance wasn't 'real'uan
    • S&P is up 3000%+ over the last 30 years. That is 'real', like it or not.formed
    • my point is, it's the same 'real' as crypto is. just has got more history.uan
    • lol @bailouts :))))

      lol @same real as crypto :))))
      grafician
    • the putin lover cant relate proper...neverscared
    • It’s not the same.monospaced

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