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Stunning: Bitcoin Price Plummets In Just 24 Hours
cbs2la ^ | 12/22/2017 | Michael Shane, cnn

Posted on 12/22/2017 10:14:33 AM PST by BenLurkin

Bitcoin prices plunged sharply to below $11,000 on Friday, shedding a third of its value in just 24 hours, according to data from CoinDesk.com. It later rebounded slightly to around $12,000 — but that’s still a stunning 25 percent less valuable than bitcoin was Thursday morning.

Prices had approached $20,000 as recently as Sunday. The turbulence comes on the back of a few days of bad news for bitcoin, which has still soared by more than 1,000 percent since the start of the year.

On Thursday, a bitcoin spinoff called bitcoin cash was suspended from one of the most popular exchanges after possible insider trading.

Meanwhile, the U.S.’s markets regulator halted trading in a red-hot bitcoin stock.

(Excerpt) Read more at losangeles.cbslocal.com ...


TOPICS: Business/Economy
KEYWORDS: bitcoin; bitcoinprice; btc; cryptocurrency; currency; fud
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1 posted on 12/22/2017 10:14:33 AM PST by BenLurkin
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To: BenLurkin

So is this going to end in tears and money laundering prosecutions?


2 posted on 12/22/2017 10:18:22 AM PST by BlackAdderess (Pray for our brave men and women in law enforcement)
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To: BenLurkin
When I think of bitcoin:


3 posted on 12/22/2017 10:18:29 AM PST by Slyfox (Not my circus, not my monkey)
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To: Slyfox

Doesn’t matter to those who bought it at 50 or 100 bucks.

What is that? Thousands of percent return on investments?


4 posted on 12/22/2017 10:21:52 AM PST by dp0622 (The Left should know that if Trump is kicked out of office, it is WAR!)
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To: BlackAdderess

Millions of suckers born everyday.


5 posted on 12/22/2017 10:22:28 AM PST by Bonemaker
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To: BenLurkin

Is there Futures Trading of Bitcoin?


6 posted on 12/22/2017 10:23:10 AM PST by Deaf Smith (When a Texan takes his chances, chances will be taken that's for sure)
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To: Slyfox

Monopoly money is more valuable.


7 posted on 12/22/2017 10:23:28 AM PST by Bonemaker
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To: Slyfox
Well even though it dropped it's back up over 13K. Many many people bought bitcoin last year at $700 so they are only up 12k per coin.

conversely if you bought gold last year you've made like 7 bucks, lol.

8 posted on 12/22/2017 10:24:42 AM PST by precisionshootist
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To: dp0622

They’ll get that return as soon as they sell.


9 posted on 12/22/2017 10:26:13 AM PST by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: BlackAdderess
Everything ends in tears.
10 posted on 12/22/2017 10:26:14 AM PST by Harmless Teddy Bear (Not a Romantic, not a hero worshiper and stop trying to tug my heartstrings. It tickles! (pink bow))
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To: dp0622

Ponzi schemes always work out well for the initial “investors”.


11 posted on 12/22/2017 10:27:03 AM PST by EEGator
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To: BenLurkin

I’ve seen reports about people taking out second mortgages and maxing out credit cards to get in on the Bitcoin frenzy.


12 posted on 12/22/2017 10:27:30 AM PST by GreenHornet
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To: BenLurkin

Friend of mine ran 2 computers for 1 month and made $2, that does not include all electricity etc he used ,LOL


13 posted on 12/22/2017 10:28:03 AM PST by butlerweave
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To: BenLurkin

Not really stunning.


14 posted on 12/22/2017 10:28:49 AM PST by lacrew
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To: BenLurkin


"They're panicking out there, I can feel it!"
15 posted on 12/22/2017 10:28:52 AM PST by dfwgator
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To: BenLurkin

Great time to get in!

/s


16 posted on 12/22/2017 10:29:47 AM PST by Larry Lucido (Take Covfefe Ree Zig!)
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To: BenLurkin

Great. Time to buy into more Bitcoin.


17 posted on 12/22/2017 10:29:59 AM PST by Responsibility2nd
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To: BenLurkin

A dollar in your pocket is worth more than a thousand dollars on paper. Or in cyberspace.


18 posted on 12/22/2017 10:30:02 AM PST by SamAdams76
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To: GreenHornet

That would be nuts.


19 posted on 12/22/2017 10:30:14 AM PST by BenLurkin (The above is not a statement of fact. It is either satire or opinion. Or both.)
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To: Larry Lucido

That’s what she said..


20 posted on 12/22/2017 10:32:17 AM PST by bar sin·is·ter (Climate Scientology - another example of science fiction morphing into a religious cult)
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