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 ...
“””Bitcoin has broken to $18,248, and Ether has fallen to $944”””
Bitcoin is down a lot, but Ethereum has been devastated. Ether was $4600 7 months ago.
As I write this - $17,943
Time to invest a little more. Once the recession is over (hopefully) it’ll go back up. Don’t invest anything in crypto that you can’t afford to lose.
Do that, and quit your naysayer whining.
Crashed 300 points in a couple minutes.
Currently - $17,696
Naysayer whining?
Hardly - I day traded through the dot.com crash and September 11, 2001.
I like the Bitcoin concept, but I have invested nothing.
Technically, there will be a lot of Bitcoin buyers at $10,000.
Before that, I cannot understand why anyone would be buying.
If you believe in Crapto, it’s time to buy!
Well, our $60 worth of bitcoin went to $5k, and my wifey spent WAY more than $60, so in the end, we’re well ahead even if it crashes to zero and shuts down.
Am aware of it, but gambling as to what fools will want is usually a bad idea. I also missed pet rocks and cabbage patch dolls.
Several varieties of this scam came, went to ridiculous values of money, then came back down. Some didn't go anywhere.
How to tell which scam was going to appeal to goofy people?
I have no idea.
Yes, if you could accurately predict what shiny object silly people will chase, you could make a lot of money.
Looks like a god time to buy it before the Big Banks buy it all.
Few were tuned into Bitcoin at $50.
If you bought just 1 Bitcoin for $50, and sold last year, your rate of return would have been:
137,900%!
Not a bad return… but you missed it.
BTW, Amazon once lost more than 90% of its value…
Yeah, that's why I hate websites. They're nothing really. At least with newspapers you have something to line the bird cage with. /s
Silver.
To the Moon
Silver
Silver
Oh wait.
I haven’t followed markets recently, but amid the inflation, taxes and a reinvigorated IRS I would expect crypto to be going well as a safe-harbor and laundry.
So what drew the fun-money out of it? Where did the people who cashed out park their money?
Could it be anything to do with Ukraine?
That quote is almost Mark Twainish.
Instead look at Bitcoin's lows year by year. Then you can clearly see pattern.
What people have to remember is that Bitcoin price swings like a pendulum. It does not go in one direction all the time, and the swings are wild on both ends.
One last point. When in doubt of an investment zoom out to a much longer time frame. Meaning 5 or 10 years to see the pattern.
Most of the idiots sneering at bitcoin are firm devotees of the strength of king dollar.
THE biggest ponzi scheme ever.
How’s all that malarkey about blockchains and mining going?
All you Bitcoin fanatics - use those bitcoins to buy tulips.
There’s nothing more heartwarming than the crypto leverage traders getting rolled.
Just like the equities markets have become gambling playgrounds, they tried to play the same game in crypto and are getting hosed.
If you believe in the ecosystem, but Bitcoin and hold it. If you don’t, and want to get rich quick on garbage coins and gambling with leverage, I will do a celebratory dance on your financial ashes. It seems to be a feature of crypto to be able to so dashingly shake out posers.
Are crypto skeptics playing a drinking game with the word ‘tulips’?
It was marginally clever the first time it was said years ago. Now, not so much.
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