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 ...
YES!!!!!
There’s a sale on Bitcoin! 30% off!!!
Will Rogers said, “The surest way to double your money is to fold it over and put it in your pocket.”
Off what?
Tell that to the people that put up 2k a couple years ago as an educated speculation and now have multi million dollar returns. Oh and there are a ton of those people. There are also even more that bought bitcoin just last year and are up ten fold. They don't look like suckers to me.
Classic pump and dump.
Gold is up.
You have no clue what a Ponzi scheme is. There is some serious ignorance on this thread.
Absolutely.
Here’s the problem with this dip. The fees per transaction are now $30 and up and transactions aren’t being processed for hours. For a technology that’s supposed to replace cash, how will it handle billions transactions per minute, when it can’t even handle the current speculative trades. Second who’s going to pay $30 to buy a cup of coffee. I am also laughing at some of the users who are claiming that there’s some shady dealing going on with these transactions. Duh that’s it’s selling point, it’s unregulated
Been watching this the last couple of days. Won’t link to the various forums, but they are VERY entertaining.
Do a search for bitcoin forums (the ones on Reddit are particularly hilarious).
Everyone’s VERY stressed that is “HODL”ing their coins.
Enjoy. Oh, there’s a bitcoin civil war since the fork too....between bitcoin original and bitcoin cash....
Too funny.
Off the price that it was yesterday. Sounds like a good deal to me. I love it when there is a sale on Bitcoin.
If you are in this funny money , get out with all haste. These are the tulips of the 21st century. What a joke. Move quickly to gold as the dollar will collapse at the first rise in interest rates. The Debt is beyond control. Wait until interest rates hit 6% and watch the money suck out into interest payments. We are very near the end.
Keep pimpin’ your BS.
I’m stating that initial investors will do well, but late comers will pay heavily. But you already knew that.
Well played!
Actually, they are all worth the same amount.
Nothing.
The dollar has only the value of what it will buy on any given day.
The dollar that will buy you today might buy you a ton of coal might buy you a stick of gum tomorrow.
The dollar of 1915 was worth over 5000 times what the dollar of today is worth.
Yes, the transaction fee with bitcoin is a problem. It's been addressed and even solved in other crypto currencies such as litecoin and Ripple but it's hard to tell how it's going to shake out in the end. Ripple can process transactions much faster and much cheaper than any other system out there which is why it has big names associated with it.
One thing is pretty clear. We are in the infancy of crypto currency and it's likely here to stay.
All the old scams are being replayed with bitcoin.
Ever heard of the stock trading scam called “painting the tape”? There is no way to prevent it in bitcoin. (I think)
All the old scams are being replayed with bitcoin.
Ever heard of the stock trading scam called “painting the tape”? There is no way to prevent it in bitcoin. (I think)
I am taking the advice of Dave Ramsey - “Never invest in anything you don’t understand.”
Isn't that true of any investment opportunity? And when will it be late? Is it too late now? The DOW is almost 25k, is it too late?
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