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Cryptocurrencies plunge by as much as 10% in 24 hours wiping billions off the market [tr]
UK Daily Mail ^ | August 16, 2018 | Charlie Moore

Posted on 08/16/2018 6:45:46 AM PDT by C19fan

Suicide prevention messages are being shared among investors as crytocurrencies plunge in value.

The price of bitcoin on Tuesday dipped below $6,000- down massively from its December 2017 high of around $20,000.

Ethereum fell by 10 per cent in just 24 hours to $250, its lowest price this year.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy
KEYWORDS: money
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At least tulips is a real physical thing.
1 posted on 08/16/2018 6:45:46 AM PDT by C19fan
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To: C19fan

LOL...after spiking nearly 10% yesterday. Gold got smacked down hard yesterday.


2 posted on 08/16/2018 6:46:44 AM PDT by montag813
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To: C19fan

Buy!


3 posted on 08/16/2018 6:46:55 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death by cults.)
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To: C19fan

I need a few video cards and can’t wait for all those cards to hit the market ,cheap ,LOL


4 posted on 08/16/2018 6:48:14 AM PDT by butlerweave
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To: C19fan

Meanwhile Venezuela added cryptocurrency to their bolivar.


5 posted on 08/16/2018 6:49:22 AM PDT by SkyDancer ( ~ Just Consider Me A Random Fact Generator ~ Eat Sleep Fly Repeat ~)
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To: C19fan

Who woulda thunk it? A tool created by the CIA to repatriate trading profits in drugs, weapons and uranium would lose value when Trump starts killing off the golden goose of cronyism and back channel deals.


6 posted on 08/16/2018 6:50:06 AM PDT by Neidermeyer (Show me a peaceful Muslim and I will show you a heretic to the Koran.)
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To: C19fan

When governments find a way to track it,regulate it and tax it the stuff will be utterly worthless.


7 posted on 08/16/2018 6:51:46 AM PDT by Gay State Conservative (You Say "White Privilege"...I Say "Protestant Work Ethic")
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To: Neidermeyer

“A tool created by the CIA to repatriate trading profits in drugs, weapons and uranium would lose value when Trump starts killing off the golden goose of cronyism and back channel deals.”

Wait until our President starts yanking clearances for the rats/GOPe working in the DOJ/FBI/??? to see those crypto currencies really fall.


8 posted on 08/16/2018 6:53:43 AM PDT by Grampa Dave ( Mexico's elite/white conquistadors have manipulated & interfered in our elections, since Ike!)
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To: C19fan

If you can’t hold it, you don’t own it.


9 posted on 08/16/2018 7:03:50 AM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: C19fan

Litecoin price on Sept 11, 2017 - ~$52
Litecoin price currently - ~$55

Gold on Sept 11 2017 ~$1,330
Gold currently ~1,180

Currencies and commodities go up and go down.


10 posted on 08/16/2018 7:10:45 AM PDT by taxcontrol
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To: C19fan
The price of bitcoin on Tuesday dipped below $6,000- down massively from its December 2017 high of around $20,000.

I remember folks on FR pimping bitcoin at the peak.

11 posted on 08/16/2018 7:13:52 AM PDT by PAR35
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To: PAR35

“I remember folks on FR pimping bitcoin at the peak. “

Not near the fun of the cold fusion posts.


12 posted on 08/16/2018 8:06:57 AM PDT by TexasGator (Z1)
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To: PAR35

That’s one way you know to sell, presuming you were dumb enough to use it as an investment in the first place.

Sorta like when you see a bunch of commercials come out about buying gold.


13 posted on 08/16/2018 8:16:02 AM PDT by fruser1
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To: bgill
"If you can’t hold it, you don’t own it."

Kinda like mineral rights, royalties, patents. /S

14 posted on 08/16/2018 8:40:11 AM PDT by precisionshootist
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To: fruser1

ha! exactly with the gold commercials. “let us buy your gold now so we will be stuck with it when the value drops.” uh... why would you want to do that?


15 posted on 08/16/2018 8:41:27 AM PDT by getitright (Finally- a president who offers hope!)
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To: montag813
"LOL...after spiking nearly 10% yesterday. Gold got smacked down hard yesterday."

oh my gosh it's down to 6k! Well some are in way way below that so don't think they are worried frankly. After I got in 6k sounded astronomically high and still is.

16 posted on 08/16/2018 8:43:34 AM PDT by precisionshootist
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To: taxcontrol
"Litecoin price on Sept 11, 2017 - ~$52 Litecoin price currently - ~$55 Gold on Sept 11 2017 ~$1,330 Gold currently ~1,180 Currencies and commodities go up and go down."

Don't try to use logic and facts with people suffering from tulip derangement syndrome.

17 posted on 08/16/2018 8:45:17 AM PDT by precisionshootist
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To: fruser1

I never invest in anything I don’t understand. So no “blockchain” currencies invented by anonymous hackers that can be made to disappear at the click of a mouse.

That’s why I plan to get in on the ground floor of tulips. I know what happened last time with them, but this time things are different.


18 posted on 08/16/2018 9:20:32 AM PDT by PAR35
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To: TexasGator

“cold fusion posts.”

Haven’t seen one of those in a long time.


19 posted on 08/16/2018 9:34:48 AM PDT by Rebelbase (Consensus isn't science.)
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To: C19fan

Billions of fake money are now gone? Oh heavens!!


20 posted on 08/16/2018 9:35:54 AM PDT by Professional
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