IT... IS... NOT... AN... INVESTMENT!!! just damn
Posted on 11/19/2018 12:43:37 PM PST by C19fan
Bitcoin dropped below $5,000 for the first time in over 13 months on Monday.
CoinDesk price data reveals the world’s largest cryptocurrency by market capitalization fell to $4,981 shortly after 16:30 UTC on Monday, signifying a dollar-decline of more than $500 for the day when the move occurred.
That’s the lowest figure since Oct. 12, 2017, and as of press time, the price has recovered somewhat to $5,048 – still signifying a decline of more than 9 percent.
The broader cryptocurrency market accompanied BTC in its steep sell-off and has shed more than $15 billion in total market capitalization in the last 24 hours.
(Excerpt) Read more at coindesk.com ...
IT... IS... NOT... AN... INVESTMENT!!! just damn
yep, just a little over a year ago you could have bought all the bitcoins your heart could desire for just $19,650.00 each!
“What is it’s actual value?”
it’s only worth what the next greater fool is willing to pay for it ... my personal opinion is it’s worth zero ...
Bitcon.
Ponzi scheme
The real ponzi scheme actually only lasted for a year.
Anyone who thinks they want to ‘invest’ in this stuff should first investigate the exchange overhead/delays/restrictions involved (when you want to cash in/purchase using it as ‘currency’)
Actual value: how much is an electrical digit worth?
I started buying BTC when it was around $600, and continued buying as it declined to $220 a few years ago.
-Havent sold any either.
It is high risk, but “no guts no glory”. Don’t bet what you can’t afford to lose.
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