unkel wrote: » Jaysus! 40% down in just one day, now just USD4700 Anyone dare put any predictions in? Further down? Or back up? What will it be at the end of this month, at the end of June, at year end 2020?
Pintman Paddy Losty wrote: » Ha! I thought bitcoin was "digital gold". I thought that it was a safe haven uncontrolled by duplicitous central banks and a great place to put your money to avoid a recession caused by the fiat system? What is going on?
caff wrote: » Bitcoin and gold are illiquid, can't purchase things quickly with them. Cash and bonds are king right now.
SteelyDanJalapeno wrote: » I love how a drop in price brings out the same old dregs in this thread
Lex Luthor wrote: » I see a few crypto youtubers are now doubting the future big price action of BTC The rest bite today was a welcome break but dont think we are out of the woods yet I considered doing a small short last night before going to bed but it was too volatile...I woke up at 2am and had a quick look at my phone and seen the price was €3800, I nearly $h!t the bed
Thargor wrote: » Its just the one dreg with two accounts. Remember when his boast about having and using multiple voting cards in a referendum didnt go down as well as he'd hoped then the other account suddenly appeared to say that he just happened to be a multi-voter aswell and it was totally normal lol
Addison Fancy Macrame wrote: » Crypto YouTubers are Bybit shillers and nothing else, a stain on the industry. One or two make ok calls but I don't know anybody who called this drop. Most are traders too with weak hands not hodlers like myself and a few in here.
jimmii wrote: » You would think they would have better things to do but guess they're sat at home with nothing to do. Mods are going to be extra busy for a while!
JohnnyFlash wrote: » I presume that is aimed at me. I've had to say it many times before, but I'll say it again for clarity - I don't take any particular pleasure in people losing money on this odious ponzi scheme. Not the rubes anyway. I do love the idea of sociopaths like Wright, Justin Sun, Pomp etc losing their bollocks. What I don't like is how the rubes try to rope new blood into the crypto ponzi. This takes many forms - FOMO, the halving, fundamentals, 200 (or other random figure) DMA, distributed finance, store of value etc etc. They make this attempt to confuse new blood by using technical mumbo-jumbo that they don't understand themselves. I've toned down significantly in my use of language to show how contemptuous I find all this.
Thargor wrote: » I dont see any noobs getting fleeced around here though so no idea why the dregs spend so much time educating us with their monumental wisdom, this board is pretty much all traders and pretty cynical ones at that. The way they disappear during times of gains and slink back in during a big fall is pathetic tbh.
cnocbui wrote: » All forms of 'investment' are ponzi schemes, predicated on someone willing to pay you more in the future than you paid for your house, land, gold bar, shares in Ryanair, Bitcoin or limited edition Royal Jubilee tea cup. People used to even consider postage stamps as sound investments, until email came along and spoiled the fun.
JJJJNR wrote: » It's not over till the fat lady sings. Even if the price of bitcoin and other cryptocurrencies are tanking it's under the holders control if they as weak hands want to sell. We are at the early stage of this corona virus and it's still to early to predict if there will be a run on the banks so belittle people all you want look at the signs they are there, mocking is catching as my mother used to say... the banking and social system is being held together with chewing gum at the moment.
JJJJNR wrote: » Signs of a recession, 40% decline in stocks, corona virus, uncertainty.
Dohnjoe wrote: » Shares are literally a "share" of a company, if the company performs well, the share value technically rises (they often produce dividends). Land is a scarce resource that, with the odd crisis aside, generally goes up in value over time and produces rent. Bonds is debt that produces interest payments, e.g. your high interest South American debt is higher yield but much more of a risk than your US treasuries. These are tangible things where underlying value can be calculated. Most cryptos are a different beast altogether.
