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Bitcoin price crash: Cryptocurrency in freefall as it drops SIX percent in one hour
https://www.express.co.uk/finance/ci...ions-wiped-out Rory Cellan-Jones, the former BBC Technology Correspondent, highlighted in a post on Twitter that the cryptocurrency was in “freefall”. Bitcoin this morning, at 00.35am, peaked at £16,942. It has, since that time, dropped by more than seven percent. Reporter Adam Bass responded to Mr Cellan-Jones noting: “There’s crashing and then there’s… oh mama.” |
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And that proves everything. hen people get involved with such schemes, they always claim others are stupid for not understanding, and will claim everything is fine and its a good time to invest. What you need to do is buy your bitcoins or whatever coin you choose. Then post telling other suckers to buy, as that way you may make profit on your coins. This is the pyramid scheme in action. You bey, then tell others to buy. They will buy then tell others to buy. So the coins raise in value with new suckers hoping to get free cash, who never question the fact it is a dream. At some point it starts to crash. Those who invested early sell. But the suckers will be told to buy as the coin may rise. But from now on it will crash. Those involved will say I am stupid and not educated and do not know how things work. |
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Not trying to insult you man, but your general narrative of "dont buy bitcoin because it'll crash" just hasn't worked for you in the long term. You'll have some months of pampering your "ego (effect)" but eventually it'll crash up higher than before (maybe in years), then you'll disappear on this topic, as usual, until the next crash down to $50k, and it goes on like this forever. As for telling people "it's a good time to invest" in anything, there are rules of thumb: 1. do you believe the asset will exist in the time span that you plan on buying/holding it for? 2. do you have patience to hold that long? 3. buying lower is better than buying higher 4. make up your own decisions If you really believe math & Bitcoin will not exist in the future, you should lay out your theory, enlighten us with your own words (not copy/pasting, no FUD youtubes, no lying like you usually do) I'm trying to initiate a good pro/anti Bitcoin discussion with you, about real economics or technicals, and you refuse to engage. Quit being a ppppsssssyyy. |
Nfts should have been the warning for people.
Again, these were no more than get rich schemes, selling worthless nothing to suckers hoping to get rich. |
One point on such as bitcoin.
One con is to tell you that if the dollar crashes you can trade in bitcoin. The reality is that if the dollar crashes, the chances are everything will crash. And the power stations turn off. No power for the internet, and chances are your mobile service will have died. Good luck trading with bitcoin when the world crashes. |
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I said bitcoin would crash. It has crashed. I said it would go to 19,000, and it has. I have pasted nothing by the way. When I past something, I always *always) link to the original article. So clearly I am stupid, as I thought if I bought bitcoin today, and it goes down and down and never recovers, then, I make a loss. Am I wrong? If you so smart, then tell us when you think it will recover and how much by? I unlike you, stated it would go down and down. And I have been proved correct. All you have done is post the same excuses I heard from 1980's when I was taken to a pyramid scheme. I was told then I was stupid and did not understand. Perhaps I am better off being stupid, as all the clever people seem to be loosing all there money. Si I will be happy to be stupid. |
https://i.ibb.co/YdK4zTK/Image3.jpg
To a stupid person like me, that looks like bitcoin has crashed. But I guess to clever people it must mean bitcoin is worth more!!! |
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Bitcoin Breaks Down $20K: Crashes Below 2017’s Previous All-time High
https://cryptopotato.com/bitcoin-bre...all-time-high/ Bitcoin’s price has just crashed below the iconic previous all-time high of 2017 at $20,000. This happens as the entire market tumbles amid rampant rumors and ongoing challenges. For the first time since December 2020, the price of BTC traded below $20,000 on Binance. As of writing these lines, the cryptocurrency dropped to a low of $19,066 on Bitstamp Exchange, which is below the iconic previous all-time high from 2017 – $19.7K. |
it never crashed it has never had a primary value yet
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The point is that stocks also going down, even google. All going down. But this is normal time to buy!
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true say. I think one would have a more constructive convo with my bananas. at least they wouldn't parrot random yt vids to fit a pre-existing mindset speaking of which...as to the long term success of BTC as a viable means of global commercial exchange? who knows it's not stupid to admit we don't know everything. my bananas agree stick to your creepy vids DV. and go back on your meds |
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Bitcoin drops below $17,800 as sell-off accelerates — here’s what happened
https://www.cnbc.com/2022/06/18/bitc...celerates.html Bitcoin plunged to $17,749 and ether fell to $897, as of about 4:15 E.T. on Saturday afternoon, as the sell-off in the crypto market accelerates. The world’s two most popular cryptocurrencies are down more than 35% in the past week, as both breach symbolic price barriers. Bitcoin peaked at $68,789.63 in November. Ether peaked at $4,891.70 that same month. Bitcoin last traded this low around November 2020. The carnage in the crypto market is partly caused by pressure from macroeconomic forces, including spiraling inflation and a succession of Fed rate hikes. We have also seen these blue chip cryptos track equities lower. It doesn’t help that crypto firms are laying off large swaths of employees, and some of the most popular names in the industry are facing solvency meltdowns. |
back to $20k now
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Crypto industry gripped by anxiety as bitcoin wobbles near key $20,000 level
https://www.reuters.com/markets/euro...el-2022-06-20/ The cryptocurrency industry was on edge on Monday morning as investors feared contagion from problems at major crypto players could unleash a major shakeout if not contained. Bitcoin which has lost 57% so far this year and 37% this month, fell below $20,000 over the weekend for the first time since December 2020. The level is of symbolic significance, as it was roughly the peak of the 2017 cycle. The price fall follows difficulties at several major industry players, while further declines could have a knock on effect as other crypto investors are forced to sell their holdings to meet margin calls and cover losses. |
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There's two ways for this to go. The lenders of that are gonna margin-call the large funds can do that, bankrupt the funds and take a loss, or they can double-down and expand their holdings at a much cheaper BTC price. |
going up to the mooooooooooon
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I do think we can expect the flash out due to massive leverage and liquidations in crypto: - Celsius: 23,962 wBTC @ $13,604 ($477m) - SOL whale via Solend Protocol; 5.7m $SOL @ $22.30 ($160m) - ETH whale via Aave: 152k $ETH @ $895 ($141m) This is the reset crypto needed just like a dot come bubble in the early '00 |
Just passed $20k so light is still visable
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