Since when in the history of fiat currency do they follow the near exact same pattern? Since when in the history of commodity trading do things rise and fall at pretty much the same time? When you look at this screen shot I took of coinmarketcap.com you have to wonder if we aren't being manipulated. Before the crash/correction they all had their own pattern, but along general lines, right now they all follow similar timing.
Come on! Since when do the Dollar, Yen, Yuan, Ruble, Euro, Coffee Beans, Pork Bellies, Crude Oil, Gold, and Toilet Paper follow a pattern that's timed this close? So what is this? Greed, Stupidity or Manipulation?
Whatever this is; it's not based in reality.
None of crypto is really based on reality yet. If you believe in the future that is great, because i'm all in for it too, but really, until there is a massive adoption of these kinds of things, there is no real value to it, like squares of paper.
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What gets me is that the rise and fall is driven by a few. There was a real cost to mining Bitcoin, just like the real cost of mining gold, but the "market" could actually send prices below intrinsic value. This happened a few years back with Houses; around 2010 I bought a House at less than half of what it would cost to build it, not including labor!! ..and this was a nice "move in condition" House! The House was real enough; the price tag wasn't. (it's public record; easy to prove)
If they can do this to your House, imagine what they can do with Toilet Paper ......it's unreal.....
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