[Jonty30]

I probably would have sold at $30,000 and bought hard assets.

[Mount Athos]

The great reset:

“you will own nothing and be happy”

People sure seem happy to put lots of their money into something that could be worth nothing overnight

[TexasFreeper2009]

greater fool theory :)

[Scarlett156]

That is just a gosh-darned shame.

[Vermont Lt]

Don’t look now…but it’s $34k.

[BiglyCommentary]

Cypto holders lost over a TRILLION dollars since November.

Bueller, what are one of the characteristics of a good currency? It is a stable store of value. Crytos currencies like bitcoin losing 50% of their value in less than 3 months would seem to indicate a FAIL on that metric.

[AnotherUnixGeek]

Currency speculation is filled with wild rides up and down, who knew?

[Governor Dinwiddie]

Tulip bulb futures are sinking fast too.

[stars & stripes forever]

The only one getting rich on Bitcoin is first to sell high. Who is he/she?

[databoss]

Heck who doesn’t want a string of ones and zeros randomly arranged somewhere that clever thieves can steal, or in the event of a global catastrophe is inaccessible?

[God luvs America]

Got in it last summer when it was $27,000 and got out when it was $63,000

Once it gets closer to $30,000 I am getting back in.

[Bernard]

A few years ago I attended a seminar and some "experts" were talking about cryptocurrency. During a break, I talked to one of them and asked what the source of the accumulated wealth is that supports cryptocurrency. He gave me a deer in the headlights look and admitted that he had no idea.

So, does anybody here know what supports the various cryptos? Is there a stash of gold or platinum under a mountain somewhere or some other actual basis like a government agency for the value of the currency? Or is it just valuable as long as nobody tries to cash it out? Sounds like a pyramid scheme on steroids.

[adorno]

Well, the dollar too has lost a lot of value, and we’re now at about 90% of what it was before Biden.

I think I like the term Before Biden (BB), just like we know about BC.

Things were a lot better BB.

[nuconvert]

It all depends on what price you paid when you bought it. People who got in early are still ahead.

[Pollard]

Sounds like it’s almost time to buy.

[Worldtraveler once upon a time]

Imagine: Going to the imaginary casino with some once-real money and buying other imaginary money, because it is being valued as real by others just like yourself. The Ponzi scheme rule still advises: “Last fool in” is a fool.

What's imaginary is imaginary. Like climate change and equity and pandemics which aren't actually pandemics....

[max americana]

i invest in bitcoin but not much. They are half right. There was a crash but I didn’t go bankrupt LOL. If you dont do your homework, especially in bitcoin, dont go into it.

[RckyRaCoCo]

Revenge of the GameStop Losers.

...and your little dog too.

[Pollard]

If you bought anytime in the first few years, you're still doing good.

Even in the past year, it has been lower.

[cranked]

Reminds me of the commercial now running about the guy screaming he is a millionaire and then two minutes later saying he is not......lulz