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That Crash Was Inevitable

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@shanghaipreneur
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2 min read

The rule is pretty clear. When you start to see unbelievable stories and their associated memes starting to gain traction, maybe it's time to take a breather. As I related to you guys just two short days ago, the RobinHood Rally was getting pretty ridiculous. We had frauds like Luckin Coffee rallying 3X in a week and bankruptcies like Hertz and Chesapeake Energy mooning like a shitcoin in 2017. Read about it all here.

But what I think is more pressing is the correlation we saw in the crypto markets. While traditional markets were down 5 to 7% depending on which index you look at, our large cap crypto buddies were collapsing at just about the same rate. And the collapse occurred during the open hours of the American market as well.

We've seen this pattern before. Last time the market crashed, there were a few "in awe" pieces about Wall Street Bets that hit the media. People were talking about massive gains in things like SPCE. There was talk about how easy this all was, and then BAM! The end of February finally saw a well-deserved COVID Dump. So in a sense, we're just now getting back to where we were before Quarantines, All-Day Netflix n' Chill sessions, and Zoom bombing.

We're already seeing a rebound in the crypto markets. That's the benefit (and the fairness) of 24-hour trading. Since 1993, off-hours stock trading have generated 600% in returns, while on-hours trades have been nearly flat.

This is why TradFi sucks. It's just another rigged method for the rich to get richer and the poor to get poorer, sucked in by tall tales of OPM (other people's money).

It's high time you took back your money and started supporting the DeFi Movement. In the long run, that's the only way we have a chance of making the global economy more equal and provably fair. And, at least for now, with DeFi, you can stash your profits in a stablecoin and earn about 10% yield. What do you earn on your cash stash on your brokerage funds? 😂

Posted Using LeoFinance