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The decrease from the high was 32.6% of the high.
Aapl has had 30% drops as well more than once or twice. I don't think it's fair to say bitcoin is not an investment. Those who bought at 5k are sitting pretty. Call it a trade if you want to make the point that it doesn't pay dividends or have earnings. I agree that it's def more speculative but aapl hasn't crossed its previous high in a long time as well, and look at tsla. Nothing is without risk, so diversify and keep emergency cash has never been wrong, no matter what you invest in.Exactly right. I just treat it as a form of asset diversification. Anyone who goes all in on crypto is stupid, but it's prudent if someone has it as at least 5-10% of their portfolio.
I think Trump just bought 555 California Street in SF. The bank of america building. I wonder if he used bitcorn proceeds lolz.
I think Trump just bought 555 California Street in SF. The bank of america building. I wonder if he used bitcorn proceeds lolz.
A crypto lender is trying to claw back bitcoin after accidentally depositing hundreds of coins into user accounts
Comparing Apple to Bitcoin is pure delusional fantasy.
I’m not jealous (correct word is envious) of anyone who says he made money playing musical chairs.
I don’t have a cheerleader outfit.
A move by Chinese regulators early Wednesday to restrict crypto activity may have helped spark a broad selloff for digital assets. But the crackdown, which appears aimed at bolstering the country’s own digital yuan efforts, could backfire, says one analyst.
“Although China represents as much as 75% of all bitcoin mining, the Chinese government is clearly averse to seeing bitcoins rise in popularity as medium of exchange,” said Boris Schlossberg, managing director at BK Asset Management, in a note. “Instead, Chinese authorities are keen to see their own digital currency in the form of the yuan become the primary unit of account in the Chinese economy.”
The People’s Bank of China announced that financial services companies and payment services were banned from pricing or conducting business in virtual currencies, news reports said.
https://www.marketwatch.com/story/why-chinas-crypto-crackdown-helped-spark-a-bitcoin-crash-and-could-feed-a-backlash-11621454947?utm_term=OZY&utm_campaign=patrick.net&utm_content=Thursday_05.20.21&utm_source=patrick.net&utm_medium=patrick.net
A move by Chinese regulators early Wednesday to restrict crypto activity may have helped spark a broad selloff for digital assets. But the crackdown, which appears aimed at bolstering the country’s own digital yuan efforts, could backfire, says one analyst.
Although China represents as much as 75% of all bitcoin mining, the Chinese government is clearly averse to seeing bitcoins rise in popularity as mediu...
Just wondering.. anyone here buy bitcoin at over 60k? 50, 40?
Anyone sell to a greater fool at the top? Any feelings at all about that?
Knowing my luck I've bought $10 worth of bitcoin at $60K to send the whole thing tumbling and it worked! =))
anyone here buy bitcoin
Just wondering.. anyone here buy bitcoin at over 60k? 50, 40?My last purchase of BTC was at $33K with prior purchases going back to 2017. Crypto is not an asset I want to trade but to hold onto and give to my kids. It's the same thing as buying silver bullion...it's more of an insurance policy against declining value of fiat than it is for purposes for trading.
Anyone sell to a greater fool at the top? Any feelings at all about that?
silver bullion...
porkchopexpress sayssilver bullion...
It's a lighter version of crypto.
Paper metals are being sold long before crypto. If things go south, there is no metal to be found.
Crypto is not an asset I want to trade but to hold onto and give to my kids. It's the same thing as buying silver bullion.
Greenidge says it will use expertise developed at its current power plant to expand to at least 500 MW of mining capacity by 2025.
500 MW of mining capacity
This is insane, a burning of resources for what, exactly?
I propose an alternate crypto-currency system of simple promises between public key holders. Not exactly sure how it would work, but if it takes more money to build up a good credit rating than one could get from defaulting on it, then it would be stable.
This is insane, a burning of resources for what, exactly?
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I know it's still up at like 40k, but uhh.. how did 20% of this amazing store of value evaporate in 2 days?
Hint. this is still speculation even though it is up.
Have fun speculating, but remember to limit your exposure, and diversify your investments.