This is the institutions driving it down to acquire it. Watch balance sheets over the next few quarterly earnings reports and watch how many have added it to their holdings.
As this tax evasion scheme gets rained in it will have a zero value. Well there may be legit users, I figure there’s probably a majority who are not. I realize people have jumped in to make money off it, and they’re going to lose their money, As the smart ones have likely left.
Elon Musk certainly pumped and dumped Bitcoin hard didn’t he?
I bet there are a lot of Bitcoin bros feeling like idiots now.
It is rumored that the US government cleaned out cryptocurrency accounts related to the Colonial Pipeline attack. Way to go, feds!
It is nearly impossible to beat the IRS long-term, but very easy to vote Republican for lower taxes.
In Canada and Europe, bank merchant fees for debit card use are very low.
Huh? What? Did something happen? I was asleep dreaming about my money safely invested in dividend stocks.
Yes, crypto currency can be useful and yes you can make money on it if you time it right but I prefer to sleep without stress.
What goes UP, MUST COME DOWN..........................
People owning a Bitcoin should have bought a Tesla with that Bitcoin while they could have.
Part of the downturn was the comments and situation in China. Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies.
crypto not for me...I’d rather play the slots
They got all the suckers to buy in at 65K
Now they gotta suck out the profits
Only idiots believe in support and resistance lines. They don’t mean shit. Ignore this guy. He doesn’t not know what he’s talking about it. At best he is a failed part-time trader. People who write about trading don’t trade.
I have a good friend that is heavily invested in bitcoin. Just saw him last weekend and he was still singing its praises although it had slipped to 50K. He is probably not in a very good mood this morning.
The Exchanges went down.
Fidelity is having trouble too.
I just bought DOT on the dip.
HODL
Ping!
Crypto sell off.
Damn, I just had to look. My measly $126 yesterday is now $96
Down 20% in 24 hours, 30% over 6 days.
Up 419% over a year though.
If it goes much lower, I may have to buy.
Buy in the dips and hodl.
My initial buy was $250 and I recently cashed out $300 so even if I lost the $96, I’d be ahead.
Maybe that fellow remembered his password.
Now this is what I call a stable currency. /sarc