Damn, I was hoping to grab some when it fell below a dollar
If the GME partnetship isn't real, its been a really well orchestrated scam, that's for sure :P
I hope it stays around the euro mark till next week, and i'd definitely buy some more on payday.
I think a lot of the people on that subreddit just clutch at straws now. The subreddit was fine just before LRC really kicked off and there were about 25k/30k members, but there are over 90k members now and with the bigger numbers comes...well, you know, people reading way too much into everything. 😛
All the reddit subs are just echo chambers of "we can do it" nonsense
WTF just happened
Why what happened? Care to fill me in.
Today's gains gone as I blinked
That's a massive red dildo
Yeah some dump going on
Nothing new this past week or three. A coin I was following was gaining the passed week and I thought this was the turning point but two days ago till now it has been dropping. Life of crypto.
Russia/Ukraine news perhaps? Tech stocks have dumped too despite them starting off well.
Save us Kiith
Here comes 39k 38k
Fecking bloodbath, kicking myself here. Seems to be market wide is the only consolation and cash is not the place to be now so hopefully it flows back in soon, this is starting to feel horribly familiar though.
Biden should just shut up - not like anything he says makes sense most of the time
Here comes 39k 38k 37k 36k
I give up - the sky is falling
If Russia invades there will be some real bargains to be had
Someone got spanked hard - Liquidated long on XBTUSD: Sell 9,896,000 @ 38812.5
Another spectacularly shite week. I don't even look at my portfolio anymore. Just depressing seeing it constantly fall.
Ah well, its Friday.
Better bargain today
One reason it’s dumping is yesterday’s US government hearing into crypto and its energy use, specifically POW, a few experts gave testimony that POW is inefficient and it was lapped up by members of the committee, they for years have been anti BTC and now have a reason to ban it.
Short term pain, as no one knows if they will ban POW in USA, but long term gains to be made as POS was put forward by these experts as a solution, way more energy efficient, so look into POS crypto, if/when POW banned money will exit BTC and look for a safe haven.
Just happens that one of the experts giving advice which was eagerly received was Ari Juels. 🤔🤔🤔
Sure is. Payday tomorrow
Buying more magic beans?
ETH and DOT most likely. I might stash it and hold off for a bit also, see how the market looks.
Wait till you see tomorrow's bargain 😜
I read Russia proposes to ban Crypto including exchanges might be another reason for a price drop.
https://www.reuters.com/business/finance/russian-cbank-proposes-banning-cryptocurrencies-crypto-mining-2022-01-20/
We are three months into a steady decline. We are well past the timeline for the previous ATH (12 and 17 months past the halving).
I always felt about $70k in Nov would be it, but didn't listen to myself.
I took a small bit out last week to cover what was put in. So happy to let the rest ride until 2024.
Doubt the US bans POW. China dropped the ball last year kicking out all the bitcoin miners when they had 60+% of them. I don't see the states making the same mistake.
For once, I actually have cash waiting for a dip. Might start picking up some more today, Eth at 2.8k looks good. Not throwing the kitchen sink at it yet though, I'm still expecting more volatility over the next while.
Any link to this? I was arguing exactly this a few days ago to a friend. I wish to gloat about it 😁
What's the advantage in having miners in your country though?
Strategic mainly. Having more than half the miners within their borders means they could effectively control the network if they wanted.
This is horrible, my shares getting hammered aswell apart from one or two. The whales arent actually going to push a 90% retrace here are they? Id say we'll see a 10-20% pullback in the DOW and NASDAQ then normal service will resume. Could be a horrible few weeks or Q1 ahead though.
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