To: Kaiser8408a
The Bitcoin environment was all frothy based on pending ETF approvals. There were too many traders using margin. They got a lesson this morning about “selling the news.”
This is why Bitcoin is speculative at best. It is not an “investment” in the traditional sense of the word. I am a long term Bitcoin holder...this type of “whiplash” is pretty common and happens every few months to one degree or another.
2 posted on
01/03/2024 6:23:13 AM PST by
Vermont Lt
(Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
To: Vermont Lt
How liquid is Bitcoin, really? I’ve always wondered if the price listed on the markets is actually what you can realistically get.
4 posted on
01/03/2024 6:25:48 AM PST by
fwdude
(.)
To: Vermont Lt
I am a long term Bitcoin holder Well, there's a reason to hope for a crash...
8 posted on
01/03/2024 6:35:55 AM PST by
logi_cal869
(-cynicus the "concern troll" a/o 10/03/2018 /!i!! &@$%&*(@ -)
To: Vermont Lt
This is why Bitcoin is speculative at best. It is not an “investment” in the traditional sense of the word.
It was sold as a medium of exchange, everyone views it as a lottery ticket.
14 posted on
01/03/2024 7:16:04 AM PST by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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