Posted on 02/02/2018 5:40:30 AM PST by C19fan
Bitcoin’s value plunged to below the key level of $8,000 today amid fears of government crackdowns on digital currencies after US regulators launched an investigation into the sector this week. Its lowest point of $7,695 represented a fall of 15 per cent from its price at midnight GMT of $9,050 and was 55 per cent below its 2018 peak of $17,135 hit on 6 January.
(Excerpt) Read more at dailymail.co.uk ...
post-holiday 2-fer-1 sale?
Can’t wait for Facebook stocks to take the same “it’s now uncool” plunge.
Think it can’t happen? Myspace was the big dog until Newscorp bought it. “Ohhhh, can’t be using a website owned by FOX! What else is there....?”
Thank goodness I bought a pailful of them at 0.03 cents!
Tulips are a better investment.
Let’s see if the bitcoin touts show up to hype their product, or if they drift into silence like the ‘peak oil’ guys.
Concurring bump...there may be other uses for blockchain technology but bitcoin as a store of value isn't working.
Max pain ahead for hodlers.
Hows that Monopoly Money workin out for ya. ROTFLMAO.
This is one of those things that, since it has no intrinsic value at all, could fall all the way to zero.
I only buy whatever Glenn Beck is hawking.
FREE REPUBLIC WAS THE FIRST “FACEBOOK”
IF JIMROB HAD LISTENED TO SOME OF US WE’D ALL BE MILLIONAIRES
Could you please explain more?
So few people seem to understand what this is all about.
One day, it’s simply all going to disappear, and then everyone, (except a few diehards) will realize it was simply one of the greatest scams ever.
Ive suspected that if we could see how many were owned by names we would find a disproportionate number owned by Dems and Saudis for transactions in blackmarket goods and services. I would expect the trend to continue down overall for a good while to come.
It amuses me to see the sky is falling crowd on this issue. Bitcoin is volatile and has experienced drops like this before and then rallied and moved skyward.
2 years ago, it was $600. Last year it was $1600. Now it has dropped to less than $9000 and it is supposed to be the end! Whatever!
Learn about what you invest in, and you can make money. Blindly following others for quick gain can get you broke, whether the stock market, bonds, or whatever.
Full disclosure, I have bitcoin, ethereum, litecoin, ripple, and stellar lumens. I also have over 15 stocks that are heavily into blockchain technology.
Further disclosure, I took my family to Disney World last year on my bitcoin profits.
“” “” 2 years ago, it was $600. Last year it was $1600. Now it has dropped to less than $9000 and it is supposed to be the end! Whatever!”” “”
Now go tell it to the suckers who bought it at near $20,000.
Would be under $1,000 guaranteed.
Not a chance. Will be over $50,000 by mid year.
Several investor’s investment wallets are a whole lot lighter suddenly.
Do you have favorite sources of info on how to keep up with cryptos?
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