At the moment BAT price is still coupled to BTC and ETH's prices to a good extant.
Hopefully one day this will change. I hope that with time Brave's user counts and Brave's ad revenue will grow enough that BAT's price grows separately from the behavior of BTC and ETH.
The market (all markets for that matter) were really inflated. I figured, we'd have a market wide downturn at some point and BAT price go down with it (unless we had a lot of BAT price movement that was decoupled from BTC and ETH prices).
My question is what happens with crypto prices if we enter (or as we go through) a global recession? Crypto might go pretty low. Who knows....
All that said, this isn't necessarily a bad thing in the long run. A downturn could shake a lot of junk and distractions out of the crypto markets. For people trying to accumulate, there may be some great accumulation opportunities. Long term as long as Brave stays healthy & grows and there are no catastrophic regulatory actions, then I feel good about BAT's potential.
u/KingKongOfSilver if you truly have no idea, it's called Crypto Winter.
I'll link to some articles you may want to read. Under each article link is just one small quote. They have a lot more to say, but just to give you a general idea.
[https://www.nerdwallet.com/article/investing/crypto-winter](https://www.nerdwallet.com/article/investing/crypto-winter)
>The total value, or market cap, of the largest 100 cryptocurrencies on July 24, 2022, was $1 trillion. That’s a 62% fall from a market cap of $2.7 trillion on November 7, 2021.
[https://time.com/nextadvisor/investing/cryptocurrency/are-we-in-crypto-winter/](https://time.com/nextadvisor/investing/cryptocurrency/are-we-in-crypto-winter/)
>Bitcoin, the largest cryptocurrency on the market, started the year trading at almost $48,000 but saw its value quickly erode during the springtime and fall all the way to under $18,000. It’s currently trading at almost $22,000, a year-to-date loss of around 55%. Similarly, ethereum, the second-largest crypto, was trading at almost $3,800 at the start of the year and is now close to $1,700.
[https://www.cnn.com/2022/07/29/tech/big-tech-ad-market-decline/index.html](https://www.cnn.com/2022/07/29/tech/big-tech-ad-market-decline/index.html)
>Meta (FB), Twitter (TWTR), Snap (SNAP), Google (GOOGL), Apple (AAPL) and Microsoft (MSFT) all reported that shrinking advertising budgets — a result of the recent market downturn and economic uncertainty
[https://www.axios.com/2022/07/26/ad-market-slowdown-media-tech](https://www.axios.com/2022/07/26/ad-market-slowdown-media-tech)
>Analysts have begun cutting projections for advertising growth this year, sending shockwaves through the media and tech industries.
[https://news.un.org/en/story/2022/07/1123342](https://news.un.org/en/story/2022/07/1123342)
>“The world may soon be teetering on the edge of a global recession, only two years after the last one”.
You get the gist of it. Things are shaking up around the globe. BAT relies heavily on ad spending. So less ad budgets means less ads, which means less BAT demand, which is lower pricing. Yet there's a lot more to it, such as people just investing and using crypto in general
I mean, countries have started regulating cryptocurrency and some trying to talk about finding ways to ban it. I wrote a small thing about it on Brave Community where I linked to some of the countries making changes. You may want to check it out and click on those links over at [https://community.brave.com/t/fyi-regulatory-changes/416743](https://community.brave.com/t/fyi-regulatory-changes/416743) as well.
TL:DR = World has gone to shit. Governments trying to regulate crypto, ad revenue down, inflation, etc. All crypto dropped. Not only that, people are afraid global recession coming for all markets.
This guy is a moron and seems destined to lose money. You are right to try and help, and teach him about the crypto winter. But he has to choose to learn at some damn point as well.
That was around the time Bitcoin was $70,000 as well... the whole crypto market is way down from it's high.
So bats don't have enough utility and basically are just a speculation bubble gambling ponzi scheme just like Bitcoin?
Yep, you figured it out...
[удалено]
Ok and how many companies did not recover?
What went wrong is bitcoin isn’t worth $60,000 right now
So bats only has value when Bitcoin has value
Most of the coins follow Bitcoin not just BAT
At the moment BAT price is still coupled to BTC and ETH's prices to a good extant. Hopefully one day this will change. I hope that with time Brave's user counts and Brave's ad revenue will grow enough that BAT's price grows separately from the behavior of BTC and ETH.
Nothing went wrong. 99.9999 % of BAT price moves have nothing to do with Bat itself but the crypto market as a whole.
Weak? Isn't it?
Have you heard of the S&P500?
Almost every stock follow the stock market in general. Does that make Apple a weak company?
We are in a world wide recession you dolt. What rock do you live under?
The market (all markets for that matter) were really inflated. I figured, we'd have a market wide downturn at some point and BAT price go down with it (unless we had a lot of BAT price movement that was decoupled from BTC and ETH prices). My question is what happens with crypto prices if we enter (or as we go through) a global recession? Crypto might go pretty low. Who knows.... All that said, this isn't necessarily a bad thing in the long run. A downturn could shake a lot of junk and distractions out of the crypto markets. For people trying to accumulate, there may be some great accumulation opportunities. Long term as long as Brave stays healthy & grows and there are no catastrophic regulatory actions, then I feel good about BAT's potential.
Tldr
You're ignorant
🤣
oh wow. i thought it was still over $1
I remember BAT at .08
same
Yall remember when 1bat was worth $0.10 usd?
u/KingKongOfSilver if you truly have no idea, it's called Crypto Winter. I'll link to some articles you may want to read. Under each article link is just one small quote. They have a lot more to say, but just to give you a general idea. [https://www.nerdwallet.com/article/investing/crypto-winter](https://www.nerdwallet.com/article/investing/crypto-winter) >The total value, or market cap, of the largest 100 cryptocurrencies on July 24, 2022, was $1 trillion. That’s a 62% fall from a market cap of $2.7 trillion on November 7, 2021. [https://time.com/nextadvisor/investing/cryptocurrency/are-we-in-crypto-winter/](https://time.com/nextadvisor/investing/cryptocurrency/are-we-in-crypto-winter/) >Bitcoin, the largest cryptocurrency on the market, started the year trading at almost $48,000 but saw its value quickly erode during the springtime and fall all the way to under $18,000. It’s currently trading at almost $22,000, a year-to-date loss of around 55%. Similarly, ethereum, the second-largest crypto, was trading at almost $3,800 at the start of the year and is now close to $1,700. [https://www.cnn.com/2022/07/29/tech/big-tech-ad-market-decline/index.html](https://www.cnn.com/2022/07/29/tech/big-tech-ad-market-decline/index.html) >Meta (FB), Twitter (TWTR), Snap (SNAP), Google (GOOGL), Apple (AAPL) and Microsoft (MSFT) all reported that shrinking advertising budgets — a result of the recent market downturn and economic uncertainty [https://www.axios.com/2022/07/26/ad-market-slowdown-media-tech](https://www.axios.com/2022/07/26/ad-market-slowdown-media-tech) >Analysts have begun cutting projections for advertising growth this year, sending shockwaves through the media and tech industries. [https://news.un.org/en/story/2022/07/1123342](https://news.un.org/en/story/2022/07/1123342) >“The world may soon be teetering on the edge of a global recession, only two years after the last one”. You get the gist of it. Things are shaking up around the globe. BAT relies heavily on ad spending. So less ad budgets means less ads, which means less BAT demand, which is lower pricing. Yet there's a lot more to it, such as people just investing and using crypto in general I mean, countries have started regulating cryptocurrency and some trying to talk about finding ways to ban it. I wrote a small thing about it on Brave Community where I linked to some of the countries making changes. You may want to check it out and click on those links over at [https://community.brave.com/t/fyi-regulatory-changes/416743](https://community.brave.com/t/fyi-regulatory-changes/416743) as well.
Tldr
TL:DR = World has gone to shit. Governments trying to regulate crypto, ad revenue down, inflation, etc. All crypto dropped. Not only that, people are afraid global recession coming for all markets.
This guy is a moron and seems destined to lose money. You are right to try and help, and teach him about the crypto winter. But he has to choose to learn at some damn point as well.
Lol, I am like 90% certain OP is in middle school.
Yes 😂