Australia's largest stock trading and investment forum Australia's #1 stock forum

Matt Damon says go crypto, page-7

First 7 Last

Share
Profile

Follow
Anonandon

3,508 Posts.

54

17/05/22

14:16

Post #: 61454626
Share

Originally posted by NavyDiver: ↑

"Cryptocurrencies nursed large losses on Friday, with Bitcoin back above $30,000 and but still set for a record losing streak after the collapse of TerraUSD, a so-called stablecoin, rippled through cryptocurrency markets.

Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. Sentiment is particularly fragile as tokens supposed to be pegged to the dollar have faltered."

On a economic only front. Countries that had a fixed or pegged currency found out the hard way that shorting whole countries is possible. The TerraUSD and similar rout has been interesting to watch. I love Block Chain yet think the Cryptocurrencies craze has been called loosely a currency?

Appreciate differing views on what makes a currencies varies from country to country and place to place even.

Expand

Just part of the myth building. In the end BTC will reign supreme.
1 Upvote

Reply

Top Stories

Building value through discovery in Mexico’s silver heartland

TMK

TMK Energy brings Canadian drill partner back for one last Gurvantes XXXV pilot well

A junior miner unlocking high-grade potential in British Columbia

AII

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

First 7 Last