The institutions have ruined Crypto

I remember a time, mere months ago, when crypto was its own thing. The stock market could move and bitcoin remained unaffected.

Now bitcoin basically just acts as a leveraged ETF for the stock market. And since 99% of crypto moves with bitcoin, the whole field has just become an extension of the stock market.

Watching the market drop during a fed meeting about interest rates and bond tapering was annoying. We used to at least get a good China banning or something to create moves like that. These wall street schmucks that panic over 3rd tier financial news are exactly the clowns we were trying to get away from in this field.

Just an observation, and a bit of a bummer. These clowns have to ruin everything good.