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Over $60 billion wiped off value of cryptocurrencies in 24 hours as bitcoin slide continues
CNBC ^
| 03-15-2018
| Arjun Kharpal
Posted on 03/15/2018 7:53:45 AM PDT by NRx
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To: Elsie
Not to worry, as My tulips appear to be coming up soon. Nice "Popular Delusions and the madness of crowds" reference!
41
posted on
03/15/2018 10:35:45 AM PDT
by
publius911
(Am I pissed? You have NO idea...)
To: precisionshootist
“The bad news is what is behind the money you have in the bank is the same thing that is behind bitcoin. The intrinsic value of bitcoin and the US dollar are the same.”
true enough as far as it goes. but the big difference is that billions of people accept that the dollar is worth something whereas only a few hundred thousand accept bitcoin as worth something. it’s the same difference between major religions and small cults ... it’s all a matter of faith and how many people have that faith ...
42
posted on
03/15/2018 10:41:00 AM PDT
by
catnipman
( Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
To: catnipman
" “Bitcoin will be between 20-30k by the end of 2018.” that’s certainly possible. equally likely though, it could be $2,000 or less ... "
Certainly: That being said I still think it will be to the upside. There is an ETF that will hold a dozen or so of the top Cryptos that will be launching in the next couple weeks. Once that happens anyone with a brokerage account will be able to buy crypto with the click of a button just like any other stock or ETF. One of the big holdups for investors is that crypto is still technically challenging to purchase for most people. Once it trades just like a stock it will be a game changer.
To: precisionshootist
Obviously Bitcoin is a complete failure. It's only up 566.48% since last year.
Especially if you compare it to Litecoin which is up 3,708.41% in the last year.
HODL!
44
posted on
03/15/2018 1:41:46 PM PDT
by
ASA Vet
(Make American Intelligence Great Again.)
To: NRx
it was never intended to be an investment rather an anonymous payment method
45
posted on
03/15/2018 5:44:47 PM PDT
by
Chode
(You have all of the resources you are going to have. Abandon your illusions and plan accordingly.)
To: precisionshootist
The intrinsic value of bitcoin and the US dollar are the same.
SHHHH!
WE don't want them to know!
46
posted on
03/15/2018 6:36:12 PM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: Honest Nigerian
There’s a sucker born every nano-second?
- "Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one."
- "Of all the offspring of Time, Error is the most ancient, and is so old and familiar an acquaintance, that Truth, when discovered, comes upon most of us like an intruder, and meets the intruder's welcome."
- "We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first."
47
posted on
03/15/2018 6:40:01 PM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: ConservativeMind
48
posted on
03/15/2018 6:42:16 PM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: ConservativeMind
49
posted on
03/15/2018 6:46:10 PM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: publius911
50
posted on
03/15/2018 6:48:19 PM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: publius911
What else; other than the madness of the teenybopper crowd; can explain Justin Bieber?
51
posted on
03/15/2018 6:50:01 PM PDT
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: NRx
It’s 2018, if you aren’t heavily invested in lead and food, you are are a moron.
52
posted on
03/15/2018 6:52:24 PM PDT
by
The Toll
To: NRx
In before “Those who got in for $100.00 aren’t complaining!”
To: The Toll
People said the same before y2k.
54
posted on
03/16/2018 5:18:55 AM PDT
by
Sawdring
To: amorphous
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