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Legendary
@Legendaryy
life is good | building the @modernmarket_
Joined May 2012
8.6K Following    53.1K Followers
Somehow stocks ended up being more volatile than crypto majors
According to @barchart, the Nasdaq 100 $QQQ has moved 1% up or down in 20 of the 26 last trading days. @Legendaryy on market volatility and crypto natives moving into stocks: "Crypto is too volatile. I’m moving my money into stocks. This is an IBM, a company that’s worth hundreds and hundreds of billions. I’m going to buy that. The government is also supporting that. Then see it move down 25% in a day, which is a move that we haven’t seen in Bitcoin for such a long time. That is something that happened in the previous cycles. We don’t see that in this cycle. A 10% move, a 12% move in a day like the October 10 move was outrageous. But you would not expect Bitcoin to crash 25%. And now you’re seeing that on tech giants like IBM happen.”
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