So is this going to end in tears and money laundering prosecutions?
Is there Futures Trading of Bitcoin?
I’ve seen reports about people taking out second mortgages and maxing out credit cards to get in on the Bitcoin frenzy.
Friend of mine ran 2 computers for 1 month and made $2, that does not include all electricity etc he used ,LOL
Not really stunning.
Great time to get in!
/s
Great. Time to buy into more Bitcoin.
A dollar in your pocket is worth more than a thousand dollars on paper. Or in cyberspace.
YES!!!!!
There’s a sale on Bitcoin! 30% off!!!
Classic pump and dump.
Gold is up.
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.
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.
I never understood it in the first place.
The whole thing sounded of scam or a house of cards to me.
I got it at $600. I ain’t crying. It will be over $20,000 before year end.
The price didn’t plummet. The amount of the latest offer to buy plummeted. It didn’t shed any of its value. It has no value until the sale is transacted. If you have bitcoins, you cannot look at the amount of the latest buy transaction, and calculate the “value” of your holdings. They have no value until they are sold, and the amount at which they are sold is whatever it is, not necessarily the amount of the latest buy transaction.
Did I hear the sound of a great big bubble popping and some old guy at his keyboard laughing his a$$ off?
I know the dollar is fiat currency, backed not by gold, but by the faith and credit of the American government. (LOL!) However, Bitcoin is a fiat of a fiat, and is backed by nothing at all, except by the faith and integrity of a bunch of bit-twiddling hackers in a basement in Romania.
What a nice reliable and stable “currency”...