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UniversalMonk@sh.itjust.works

Liberation Day wipes $140 billion from crypto market within hours (finbold.com)

submitted 4 months ago by UniversalMonk@sh.itjust.works to c/cryptocurrencynews@sh.itjust.works

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[–] teri@discuss.tchncs.de 4 points 4 months ago (1 children)

Can you speak of 'erasing' if this value was actually never there but just fantasy numbers?

[–] UniversalMonk@sh.itjust.works 3 points 4 months ago

Sure, but that logic applies to literally every market. Stocks, real estate, collectibles—none of it has 'real' value until someone buys or sells. Price is just the number buyers and sellers agree on at any given moment. So yeah, if Bitcoin’s value is 'fantasy,' then so is your 401(k) until you cash out.

Welcome to how markets work, friend.