Posted on 06/18/2022 3:11:09 AM PDT by zeestephen
The price of bitcoin fell 9% in 24 hours to $19,217 according to Coin Metrics data...Crypto investors are grappling with aggressive interest rate hikes from the U.S. Federal Reserve and a worsening liquidity crunch. [Half an hour ago, BTC was at $19,040]
(Excerpt) Read more at cnbc.com ...
It has become obvious that thousands of Bitcoin speculators cannot pay their margin calls, and that dozens of Bitcoin trading firms are going bankrupt.
It may have been pumped up by government agencies, to get everybody convinced that it was a solid asset, so digital currency could be studied,
Once they learned they needed to, they collapsed them.
Not just studied, but accepted.
Google has been pimping Bitcoin in all sorts of Android phone 🤳 app games.
Advertising other services. Google will claim it’s just ads but the ads also have offered $500 for signing up with a game 🤣🤣🤣🙄🙄🙄 and smaller amounts. My guess is they all wanted your PayPal.
“Free’ Bitcoin... fractional amounts.
It’s ridiculous. Plus a constant push of CashApp. A gal at work regretted using that app. I think she said fees. Maybe there was stuff in the “terms” dunno.
(but accepted)
You may be on to something there. All along the road 🛣️🛣️🛣️ to........
Some of them may not even realize where it’s going to lead.
But it won’t make any difference.
Most of the true believers were duped into believing the exact opposite of the tech.
Meanwhile, the corrupt Deep Staters got years of criminal money movement and laundering and the usual investor parasites siphoned Ponzi profits as part of the big con.
$19,399.86
24H %
-7.15%
24H Low
$18,739.50 was the bitcoin low. It has bounced back a bit.
The price of bitcoin fell 9%
I am a regular person, not stupid, but not brilliant and yet I knew that this “bit coin” thing was going to crater.
Now, I think I’m a genius.
WTH is bitcoin after all. I don’t want to know.
I had a pretty good run at the blackjack tables in my online casino. They prefer to trade in crypto since dealing with banks is a hassle. Left my winnings in crypto. Turned out that was the real casino.
The highs of bitcoin aren’t worth suffering the lows. I’ll stick with the nice, boring stock market. Sure we lose a year of growth once in a while but it comes back and the dividends are mine to keep.
It was a market propped up by young people with not a lot of disposable income. When Biden crashed the economy, they needed it to pay for other things.
(Ponzi)
Exactly what I was afraid it might be.
After it skyrocketed and Google began pimping it dozens and dozens of times a day when you played a game.
I live in a small rural Kentucky county. In both of our grocery stores crypto kiosks showed up last year. I couldn’t believe it. There is no way those machines were carrying their weight around here. There’s more confederate money around here than crypto and it might end up being just as valuable.
Yeah I saw a Bitcoin ATM 🏧 at the local gas ⛽ station. Showed up 6-8 months ago.
Nothing makes me chuckle more than newbies to crypto pretending to know what they are talking about.
Yep, and Paypal giving you a first free hit too...
“WTH is bitcoin after all. I don’t want to know.”
As far as I can tell, it’s a recognition of the expenditure of electricity.
I knew the con was just about complete when I heard young inner-city college students pumping it this winter as the big investment opportunity because Boomers didn’t understand it.
According to Musk, just about ALL money is digital today.
From yesterday mornings Q&A
https://m.youtube.com/watch?v=FLvTcRrzy20&feature=youtu.be
Between 34:20 and 36:00 he reveals how and why he feels he can make Twitter a service people cannot live without.
You might want to go back a little earlier to grab a better context
Earlier this year FR had a news item about the a S American country that issued EBT like card to its citizens that were based on bit coin...
...I wonder how the drop affected them?
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