Post by
marben100 on May 19, 2021 10:15am
Cryptos vs gold
Looks like all those folks who thought that cryptocurrencies might be good alternative store of value to gold are being taught a lesson in relative volatility today.
Gold simply does not fall by 20% in a single day.
Comment by
marben100 on May 19, 2021 10:18am
Correction: I see that Bitcoin fell by 20% in AN HOUR.
Comment by
mercedesman on May 19, 2021 5:17pm
Ethereum lost closer to 40% (at one point during the day) So much for Crypto's being a reliable store of value (an essential in order to act as money)