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Tren Griffin @trengriffin
, 4 tweets, 2 min read Read on Twitter
I found some stable coins in my couch tonight. I am told they are backed by the US Dollar, which is nice.
"MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80%. The tumble has now surpassed the Nasdaq Composite Index’s 78% peak-to-trough decline after the dot-com bubble burst in 2000." google.com/amp/s/www.bloo…
That's on a percentage basis. This famous 2000 CNN story: "The combined market values of 280 stocks had fallen to $1.193 trillion currently from $2.948 trillion at their peak, a loss of $1.755 trillion, most of which occurred between March and September. money.cnn.com/2000/11/09/tec…
One of the best ways to learn is watching someone else pee on an electric fence -- like people did when they received margin calls in 2000. Even though I never received a margin call myself, it was still quite memorable as I experienced its very unpleasant impact vicariously.
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