Posted on 05/12/2021 5:56:01 PM PDT by Presbyterian Reporter
Bitcoin is down sharply in overnite trading. Current Price is $50036. Down $7771 or 13,4%. After the equity markets took a big hit today, this is another signal the markets are not happy.
Buy low! Sell high!
Pipelines will be back online. The markets will go back up (propped by leftist money).
Musk just said Tesla won’t accept bitcoin payments.
Could also be that people are moving to ethereum. First comes the fizzing, then the bubble bursts.
Here is a link to the chart. The selling started at 6pm
https://quotes.ino.com/charting/?s=BITCOIN_BITSTAMPUSD
That was a quick change of heart.
Those at the top of the pyramid stand to reap the biggest rewards
Musk just said they won’t accept it because it uses too much ELECTRICITY. This he says after bus appearance on liberal Saturday Night Live. IMHO there are bigger powers than him pushing this.
Musk had “Concerns About Environmental Impact” of bitcoin “mining”
SHIP (Seanergy) is poised to take off. Look at the cape rates - iron - coal... The market manipulators can’t keep them down for long. Never understood why anyone would invest in a “coin” or anything else with zero fundamentals. If you want high risk high reward, at least go with fundamentals.
Yeah but something something something fiat currency.
Many are cashing out to buy tulips.
Printed money has been flowing into the markets and crypto. The crypto market cap was up over 2 trillion in one year! How’s that for inflation!
Let Musk stop using google, then. Their server farms use monstrous amounts of electricity.
People think Tesla is in the auto business.
No, it’s in the Renewable Fuel Credit business.
Could be a selloff before it becomes mandatory to report cryptocurrency to the IRS, in three days.
I’m not into bitcoin but I know people who are. Bet they’re pissed.
The thing about tulips is they have intrinsic value. You can actually eat tulip bulbs. Plant and tend them and you can divide for more bulbs. They are purchasable for gardeners and landscapers.
Can’t eat a Bitcoin. Or plant it. It has no physical being at all.
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