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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 thats 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
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)
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)
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!)
To: BlackAdderess
Millions of suckers born everyday.
5
posted on
12/22/2017 10:22:28 AM PST
by
Bonemaker
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)
To: Slyfox
Monopoly money is more valuable.
7
posted on
12/22/2017 10:23:28 AM PST
by
Bonemaker
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.
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.)
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))
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
To: BenLurkin
I’ve seen reports about people taking out second mortgages and maxing out credit cards to get in on the Bitcoin frenzy.
To: BenLurkin
Friend of mine ran 2 computers for 1 month and made $2, that does not include all electricity etc he used ,LOL
To: BenLurkin
14
posted on
12/22/2017 10:28:49 AM PST
by
lacrew
To: BenLurkin
"They're panicking out there, I can feel it!"
15
posted on
12/22/2017 10:28:52 AM PST
by
dfwgator
To: BenLurkin
16
posted on
12/22/2017 10:29:47 AM PST
by
Larry Lucido
(Take Covfefe Ree Zig!)
To: BenLurkin
Great. Time to buy into more Bitcoin.
To: BenLurkin
A dollar in your pocket is worth more than a thousand dollars on paper. Or in cyberspace.
To: GreenHornet
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.)
To: Larry Lucido
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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