The Crypto Keeper
Posted on 06/18/2022 12:02:44 PM PDT by zeestephen
Bitcoin has broken to $18,248, and Ether has fallen to $944, as the sell-off in the crypto market accelerates...The world's two most popular crypto currencies are down more than 35% in the past week, as both breach symbolic price barriers.
(Excerpt) Read more at cnbc.com ...
As I write this - $18,134
Bitcoin’s bottom is zero.
Cryptocurrency. Yet another victim of the Biden presidency.
I said it was "tulips" back when it was $50.00 per bitcoin, but a lot of people with more money than me has taken years to figure out that this stuff always was "tulips."
Market crashes tend to expose Ponzi schemes. Some Crypto currencies seem to qualify as Ponzis.
The Crypto Keeper
Criminals and speculators hurt the worst.
You know Democrats have got to be upset about this.
Good one!
In 2019-19 it went from $20k to $3.9k. An equivalent drop now would put the bottom around $12-13k.
I would never suggest anyone buy any. But it’s been declared dead a lot of times. And it’s come back.
Who knows?
At least with Tulips you have a lovely looking flower. Crypto is nothing, make believe really.
Here’s What Happened: Ponzi Scheme Collapsing? ;)
Crypto and Biden are both symptoms of a larger disease.
Where are the articles about short-sellers of crypto? Please post links.
Yes, I am trying to be funny. This whole virtual currency thing is just more proof of PT Barnum’s wisdom.
Is there a crypto named “Sucker Coin”?
Crypto Ping List!
—> I said it was “tulips” back when it was $50.00 per bitcoin, but a lot of people with more money than me has taken years to figure out that this stuff always was “tulips.”
You did miss buying at $50, then selling at $69,000, and retiring a decamillionaire… just sayin’
I knew Bitcoin was doomed when I started seeing Bitcoin ATM’s in shady connivence stores, and poor people were converting the little cash they had into Bitcoin.
Only when the tide goes out do you discover who’s been swimming naked.
Warren Buffett
30K was huge support and when it smashed through that the support was 20k and it smashed that. The Micro Stategy geniuses who bought of a huge number of coins @ 40k, are probrably getting a huge margin call on Monday. If they can’t meet it, forced liqidation of their position, causing more selling and lower prices.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.