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Bitcoin Graph


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2018 Jan 11, 8:51am   5,358 views  13 comments

by WookieMan   ➕follow (1)   💰tip   ignore  

#bitcoin

Not sure if the source cherry picked the sample of the bitcoin graph, but this is rather funny if you ask me. Here's the link to the article: http://www.telegraph.co.uk/technology/2018/01/11/bitcoin-price-plummets-south-koreas-plan-ban-cryptocurrency/


That's a pretty alarming correlation if you ask me after I stopped laughing. Who knows which way this goes since there a few people that hold a lot of these. If they get spooked this thing crumbles.

Comments 1 - 13 of 13        Search these comments

1   Goran_K   2018 Jan 11, 8:56am  

Isn't it the reality that 4-5 people control like 40% of BitCoin supply?

If that wasn't enough to scare people away from this, what about all the competition that is gaining footholds right now?
2   anonymous   2018 Jan 25, 7:07am  

Great buying opportunity right now. Better buy now before it hits 30k!
3   FortWayne   2018 Jan 25, 7:17am  

US should ban this crap. Stupid ponzi scheme.
4   RWSGFY   2018 Jan 25, 7:37am  

It's different this time, people!
5   anonymous   2018 Jan 25, 8:21am  

WookieMan says
If they get spooked this thing crumbles.


EJECT!! EJECT!!! EJECT!!!

https://cdn-images-1.medium.com/max/1500/1*vjt0c8jNe26ZmaIysFv3IA.jpeg
6   anonymous   2018 Jan 25, 8:21am  

WookieMan says
That's a pretty alarming correlation


7   NuttBoxer   2018 Jan 25, 11:07am  

The problem with investments like this is liquidity. How do you divest yourself when the market plunges? You have to hope there is someone out there betting on a rebound, otherwise you're screwed.
8   anonymous   2018 Jan 25, 12:01pm  

i cant wait for options to be listed on bitcoin. Anyone wanna guess the IV of the wing options?

The relevant question regarding bitcoin: "Is this better than central bank controlled fiat money"? The grudging answer is "yes, probably".

Unless someone can tell me why a fiat $, in a system saturated by $50 trillion of unfunded liabilities is better than a crypto currency... I'm gonna go ahead and lowly accumulate bitcoin. (Probably holding my nose as I do it)
9   NuttBoxer   2018 Jan 25, 1:35pm  

dollars aren't better, but why would you buy bitcoin during an investment frenzy? Better to wait until it gone back to a more realistic value.
10   WookieMan   2018 Jan 25, 3:10pm  

NuttBoxer says
dollars aren't better, but why would you buy bitcoin during an investment frenzy? Better to wait until it gone back to a more realistic value.

I don't believe dollars will be around forever. As with any dynasty it will come to an end. But I think this photo can explain why they'll (dollars) be around a while longer still.

11   NuttBoxer   2018 Jan 26, 9:46am  

Agreed, all fiat currencies have a lifespan. The trick is knowing when that's about to end, and accumulating wealth in assets that have value outside of paper backed by nothing.
12   RWSGFY   2018 Jan 26, 12:23pm  

It's just a coincidence.
13   MisdemeanorRebel   2018 Jan 26, 12:41pm  

WookieMan says
I don't believe dollars will be around forever. As with any dynasty it will come to an end. But I think this photo can explain why they'll (dollars) be around a while longer still.


Yep, Pound Sterling is still pretty strong, though the British Empire has been over for more than half a century.

Meanwhile, just one country announces it will do away with BitCoin exchanges and the whole currency drops like a stone.

"B-b-but, it's safe from Government Interference! Crypto-Currency! Jubal Harshaw approves!"

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