Have you perhaps missed the rout that is taking place on the global markets - indices, stocks, precious metals, bonds, currencies?
West Texas oil is down 17% today, while being down 70% from the beginning of the year. Prices as the pump have remained the same here, though. Someone needs a whooping.
Indices - I have no words. What a beating. The Fed threw everything at it including the kitchen sink, but by now everyone knows that people just can't work, when everything is shut down. Economies will suffer massively and the kitchen sink is no remedy.
GBP (the poundsterling) is now trash. People apparently use it instead of toiletpaper, since toiletpaper is scarce.
Bitcoin - how can it be valued more than the global stocks? Not sure this is the bottom. Preparing for the worst, expecting the best.
Not to speak of the Steem Engine tokens. ENG is down to 0.05 STEEM! What. The. Actual. Fuck?! They sell it for 1:1 Eng:Steem. Of course, the dumpage for Steem, to get the most of the upcoming HIVE airdrop helps to keep the price under pressure. Thanks!
At the time of crisis, there just is no demand for virtual assets like the NFTs, Justin Sun's empty promises and the whatnots. People have other things on their minds at the moment than risk portfolios.
And then the snapshot and move to Hive this Friday. Crazy times.
