The big crash of crypto now?

[Spinat]

After the upgrade of Ethereum both Bitcoin and Ethereum decline!

Ether is down more than‌ for a very long time.

 

[troubled soul]

I bet on bitcoin...bitcoincash..............and dogecoin.
You see ETH is not truly decentralize.....

 

[RealDude]

On Wednesday after the FED decision comes the crash 😉

Hold because of taxes
Buy because‌ it‘s cheap then

 

[backpacker]

An unjustified hype in ETH‍ due to a much delayed upgrade caused a small bounce of the crypto market during⁠ the last couple of weeks. Nothing more than "dead cat bouncing''.

 

[backpacker]

Seems U.S. SEC will class proof-of-stake cryptocurrencies as securities -> Gensler Says Proof-of-Stake Assets Could‌ Be Securities: Report - Decrypt which could be another explanation for the ETH price drop‍ during the past couple of days -> Ether drops 15% since major Ethereum network upgrade⁠ as traders take profits and fret over rate hikes

 

[void]

that would confirm that (surprisingly) sane people work in SEC

 

[MiltonStone]

Time to buy!

 

[diatessaron]

I don't know why anyone would expect the merge to make ETH go up in‌ the short-term. Only thing it was good for was shorting it and giving the middle‍ finger to one certain fund that's about to collapse.

 

[backpacker]

Are you kidding?
We are in an‌ inflationary environment not seen for decades. Federal Reserve only just started to raise interest rates.‍ This is not the time to buy non-interest/non-dividend bearing assets.
Currently the only investable assets⁠ are short term CD's or T-bills. Maybe some high-dividend paying stocks but that is already⁤ borderline.

 

[suzy]

I'm waiting for 2023 to see what is going to happen!

 

[void]

what yield are you talking about here? 5%, 10%, 20%?

 

[backpacker]

You replied to a three month old post. That's a long time for capital markets.‍ Nevertheless, it is still relevant.
When talking about investing a stable and calculable yield of⁠ 5% is pretty good.

I feel sorry for people who are hunting 20% - typically⁤ they will loose it all after a while.

 

[tolstoy]

Agree with⁤ you.