BitCoin Alert: Dropping Considerably Tonight, As Low as 8314 now mid 8400 Range

Bitcoin Ticker ^ | 02/01/2018 | DoughtyOne for Free Republie

[DoughtyOne]

For those who are interested in the BitCoin phenomenon, it has been dropping considerably tonight.

It has been as low as 8314, but is now rebounding in the mid 8400 range.

I have provided a link to the ticker.

[Cowboy Bob]

Damn! I missed getting in at 20,000. :(

[JoSixChip]

I’ve never understood how bitcoin is a viable store of wealth. But then again, since they dropped the gold standard, the dollar is just a piece of paper.

[Vision Thing]

It will be hilarious when bitcoin bites it and becomes less than $35, which seems to be the going rate of a bitcoin transaction fee. At that point, each party in a bitcoin transaction will lose money.

[dp0622]

I stared at it for weeks at 300. Not sure what your point is

[dp0622]

Like I said, not hilarious to people like my brother-in-law who bought in the low hundreds and sold

[DoughtyOne]

Me too...

[DoughtyOne]

Me either, but then who knows.

In time it may surprise me.

I’ve been skeptical.

[DoughtyOne]

If you would have told me it would ever be worth 8400, I’d have laughed, so what do I know.

[Cowboy Bob]

I think it will be back to 300 pretty soon.

Reminds me of the penny stocks.

[Vision Thing]

Of course your bil will find it hilarious: he gets to laugh at those victims of the greater-fool theory. And he gets to laugh all the way to the bank!

[DoughtyOne]

At this time BitCoin has rallied, and has made up nearly all it’s 300 point losses for the early morning hours.

[heights]

The Con of the Millennium. ...as Eric Clapton said : Someday the bottom will drop out”

[Jonty30]

From what I read, it appears to have been a giant pump and dump scheme, where those in the know pumped it up and talked it up and then sold at a high point and got out.

[DoughtyOne]

You know, I wouldn’t have given it a chance to be a high as it is, and to think it was at 20,000, well that baffles me.

I’m certainly no expert when it comes to this item.

[DoughtyOne]

Could be. I haven’t been interested enough to follow it.

It was at 11,5000 a little over a week ago, so as I checked into it tonight and watched it go down about 150 more points on top of the 150 it had already lost, it looked as if the bottom was dropping out.

I wanted those who cared to be aware of it.

Thanks Jonty30.

[The Duke]

If you visit the following link and click on the 'Change' column you'll see an interesting fact. The one coin that is tied to precious metals is going up as much as Bitcoin is going down:

https://coinmarketcap.com/

I bought TRON a couple of days ago at $0.062 and right now it's below $0040 - but it'll bounce back up soon enough.

This is all because the 'Tether' coin is being investigated (it's value is tied 1:1 to the US Dollar, and there is speculation that they don't have all the $$'s that they say they have). Tether is having such a big impact because this is where everyone 'parks' their investment when they are waiting on other coins to drop into the "buy zone".

[DoughtyOne]

How would you like to have 1000 of those, if it were to reach 20,000?

Nice...

[heights]

Monopoly money is rising!!

[DoughtyOne]

Wouldn’t it be a hoot if one of the Crypto currencies were named Monopoly Money.