Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Bitcoin taking a big hit tonight
ino.com ^ | May 12 2021

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.


TOPICS:
KEYWORDS: bitcoin; cryptocurrency; tulipmania
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-87 next last
To: Eagles6
In 1964, the last year silver US coins were minted

Nope!

Most U.S. coin collectors know that the United States Mint continued to pump 1964-dated 90% silver dimes, quarters and half dollars into circulation through 1965 and into early 1966. The reasons for doing this were several, some of them quite reasonable at the time.

Source here

It takes a bit of searching to find this. It looks like it's being memory-holed.

61 posted on 05/12/2021 8:03:36 PM PDT by null and void (When you put bad people in charge expect bad things to happen, often in a spectacular and sudden way)
[ Post Reply | Private Reply | To 57 | View Replies]

To: old-ager
Trump handed the government over to the military due to insurrection on 1/10/21. The military's job, according to their manual of war (11.3/11.4) is to contain the insurrection, determine who won the election or administer new elections within 120 days, and restore as quickly as possible civilian government. BidAn, as "potus" is the covert part of their actions.

As for Q, it started way WAY before 2017. And it's plans are in-play well after 12/8/20, and in progress right now.

FYI, JFK's gravesite:


62 posted on 05/12/2021 8:13:47 PM PDT by C210N (")
[ Post Reply | Private Reply | To 60 | View Replies]

To: OrangeHoof

Most crypto people I know are buying the dip. Heavy volume in BTC tonight.


63 posted on 05/12/2021 8:15:50 PM PDT by hinckley buzzard (resist the narrative. )
[ Post Reply | Private Reply | To 19 | View Replies]

To: bourgain
Musk just said Tesla won’t accept bitcoin payments.

That's a biggie...

64 posted on 05/12/2021 8:23:02 PM PDT by GOPJ (The world's thugs aren't afraid to kick sand in Biden's face... none of 'em. It's gonna get worse)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Right_Wing_Madman

Scarcity: well a non tangible thing can be made to be scarce. It is not in and of itself scarce.

Divisibility: I did say it has some little value as a means of exchange. All things aren’t easily divisible but many are. Bitcoin is.

Utility is perceived.

Transportability now that’s pretty bad. I personally know people who have lost Bitcoin due to lost passwords/funky exchanges. Dollars at least for now you make a transfer error or can’t remember a password their are remedies. Inheritance? Hah

Durability: they are non physical so actually are not durable at all. Or it doesn’t apply. Unless this is an economic term I don’t know.

Anti- counterfeit I guess is true - unless you consider that they themselves are counterfeit, again, having no intrinsic value.

Basically they have value because enough people have agreed they do, which could be said of paper money also. But paper money is backed by the US government which at least for now is still a going concern. Bitcoin is not backed by any traceable accountable anything and there are no remedies, you are completely in your own. Sadly in the US with dollars you are partly on your own for example if your cash dollars are stolen you may not get them back - or burned, or lost. Inflations wastes them some and they can be traced and illegally confiscated.

I see Bitcoin as no remedy and dollars as partial remedy.


65 posted on 05/12/2021 8:35:32 PM PDT by Persevero (I am afraid propriety has been set at naught. - Jane Austen )
[ Post Reply | Private Reply | To 29 | View Replies]

To: Jonty30

“ Buy low! Sell high!”

Thats what I have read many times. Unfortunately my dyslexia keeps me from getting right it.


66 posted on 05/12/2021 11:02:24 PM PDT by TonyM (Score Event)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Presbyterian Reporter

Cool. Time to buy some more.


67 posted on 05/12/2021 11:11:36 PM PDT by ImpBill (The GOP is incapable of leadership!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Presbyterian Reporter

I know you are way too smart to buy the Brooklyn Bridge, but I have this imaginary Brooklyn Bridge to sell you.


68 posted on 05/13/2021 12:03:37 AM PDT by tired&retired (Blessings )
[ Post Reply | Private Reply | To 1 | View Replies]

To: C210N
Silver will NOT be $27 when COMEX and paper silver are no more.

Cheapest real silver right now is $31.50. I suppose the companies minting the bars and rounds have to make a little money but there's still a big disconnect.

69 posted on 05/13/2021 2:47:11 AM PDT by palmer (Democracy Dies Six Ways from Sunday)
[ Post Reply | Private Reply | To 41 | View Replies]

To: Eagles6
That same silver quarter, today, sells for a minimum of $7.00 on Ebay, which will buy 2 gallons of gas, plus.

$6 at apmex. But that's still 2 gallons of gas until Biden does some more damage.

70 posted on 05/13/2021 2:55:40 AM PDT by palmer (Democracy Dies Six Ways from Sunday)
[ Post Reply | Private Reply | To 57 | View Replies]

To: hinckley buzzard
No real volume: https://quotes.ino.com/charting/?s=BITCOIN_BITSTAMPUSD I think it will roll over and slowly deflate for a while. I don't see a crash because there are always buyers due to capital flight and lots of HODLers. People who HODL don't care at all if it drops.
71 posted on 05/13/2021 3:00:10 AM PDT by palmer (Democracy Dies Six Ways from Sunday)
[ Post Reply | Private Reply | To 63 | View Replies]

To: Presbyterian Reporter

We have Dogecoin now, what’s next? Tulipcoin?


72 posted on 05/13/2021 3:10:15 AM PDT by Fresh Wind (Der Impfstoff macht frei.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: palmer
Silver dealers can't get enough silver to satisfy demand, so collect a big premium. And, the price won't yet go much higher, with COMEX and paper-silver manipulation. But, depending on the product, one can get closer to spot. Big premiums on US American Eagles. $39/oz

Your $31.50 will get noname brand 10 oz silver buffalo bars

Mining companies may be holding back, I dunno. They see the writing on the mining wall.

73 posted on 05/13/2021 3:14:19 AM PDT by C210N (")
[ Post Reply | Private Reply | To 69 | View Replies]

To: bourgain

“Musk just said Tesla won’t accept bitcoin payments.”

He said because (lol) bitcoin is mined by using electricity from fossil fuels.


74 posted on 05/13/2021 3:15:39 AM PDT by dennisw
[ Post Reply | Private Reply | To 4 | View Replies]

To: ImpBill
Cool. Time to buy some more.

You talking BTC or phyiscal silver? If BTC:

One can still make some BTC money, if you are able to get out nimbly. Are there the equivalent of day traders for BTC?

Hearing there are BTC servers under the Three gorges Dam, plus a great deal of BTC mining in that area. Weather forecasts are for upwards of 5" of rain in the next few days. While playing with BTC, for exit purposes, might want to monitor flood levels.

75 posted on 05/13/2021 3:21:32 AM PDT by C210N (")
[ Post Reply | Private Reply | To 67 | View Replies]

To: Jumper

Can I ask what the specs of your rig? How long it takes? Etc. I am looking to do this also, at least to start. Thanks.


76 posted on 05/13/2021 4:12:12 AM PDT by montag813 ("Fallen, fallen, is Babylon the Great")
[ Post Reply | Private Reply | To 32 | View Replies]

To: Presbyterian Reporter
From the MSM itself - CBS:

Washington debates regulating cryptocurrency industry A battle is brewing in Washington over how to regulate the cryptocurrency industry, and industry leaders want to make sure they have a say. According to a report in the New York Times, some digital currency companies have hired lobbyists, lawyers and consultants in an effort to gain greater influence over how much, or how little the industry is regulated. Eric Lipton, an investigative reporter for the Times, joined CBSN's Elaine Quijano to discuss.

77 posted on 05/13/2021 4:50:41 AM PDT by C210N (")
[ Post Reply | Private Reply | To 1 | View Replies]

To: C210N

ISO20022

Bye-bye, BTC.


78 posted on 05/13/2021 4:52:16 AM PDT by C210N (")
[ Post Reply | Private Reply | To 77 | View Replies]

To: C210N

It’s been nice hardly knowing ‘ya.


79 posted on 05/13/2021 4:53:02 AM PDT by C210N (")
[ Post Reply | Private Reply | To 78 | View Replies]

To: Presbyterian Reporter

A 12% dip for BTC is a nothing burger...get worried at 48%. ;-) Some bad Elon/press news...”uses too much power”! Like Mastercard/Visa, Paypal and all the banks dealing in USD don’t use much power! OMG end of the world! ;-)


80 posted on 05/13/2021 5:01:24 AM PDT by Drago
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-87 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson