Comment on SEC says it will deregulate cryptocurrencies with 'Project Crypto'

• iopq@lemmy.world ⁨1⁩ ⁨day⁩ ago

  It crashed ten times since 1975

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  • Lumisal@lemmy.world ⁨1⁩ ⁨day⁩ ago

    No, it didn’t

    …wikipedia.org/…/Historical_exchange_rates_of_Arg…

    You can even see through exchange rates that it’s otherwise been relatively stable too:

    Image

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    • iopq@lemmy.world ⁨5⁩ ⁨hours⁩ ago

      You see in 1948 where it’s 4.5 and jumps to 9 a year later? That’s a 50% crash in a year

      Next year it’s 15. In 1952 it’s already 28. In 1956 it’s 40, up from 28 a year earlier. Crashed again in 58, 62, 64, 72, 74, 75, 77, 78, 79, 81, 82, 84, 86, 88, 89, 90, 02, 03, 13, 15, 18, 19, 20, 22, 23

      My previous 10 times comment was taking consecutive years as a single crash

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