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Why is 'money don't sleep' often associated with the cryptocurrency market?

avatarMajeed AshqarDec 26, 2021 · 3 years ago3 answers

Why is the phrase 'money don't sleep' frequently used in relation to the cryptocurrency market? What does it imply?

Why is 'money don't sleep' often associated with the cryptocurrency market?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The phrase 'money don't sleep' is often associated with the cryptocurrency market because it highlights the 24/7 nature of the market. Unlike traditional financial markets that have fixed trading hours, the cryptocurrency market operates around the clock, allowing traders to buy and sell digital assets at any time. This constant availability of trading opportunities has led to the perception that the cryptocurrency market never sleeps, hence the association with the phrase. It implies that the market is always active and presents opportunities for profit regardless of the time of day.
  • avatarDec 26, 2021 · 3 years ago
    The saying 'money don't sleep' is commonly used in the context of the cryptocurrency market due to its decentralized nature. Unlike traditional financial systems that rely on banks and intermediaries to facilitate transactions, cryptocurrencies operate on a peer-to-peer network, enabling direct transactions between individuals without the need for intermediaries. This decentralized nature allows for uninterrupted trading and transfers, reinforcing the idea that money never sleeps in the cryptocurrency market.
  • avatarDec 26, 2021 · 3 years ago
    The phrase 'money don't sleep' is often used in discussions about the cryptocurrency market to emphasize its global and borderless nature. Cryptocurrencies are not bound by geographical boundaries or traditional market hours, enabling users from different time zones and regions to participate in trading activities at any time. This constant activity and accessibility contribute to the association of the phrase with the cryptocurrency market, suggesting that money is always in motion within this digital financial ecosystem.