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Title: Fear And Panic As Bitcoin Crashes 50% From All Time High
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URL Source: https://www.zerohedge.com/markets/f ... tcoin-crashes-50-all-time-high
Published: Jan 22, 2022
Author: Tyler Durden
Post Date: 2022-01-22 17:56:33 by Horse
Keywords: None
Views: 796
Comments: 11
“When we’re in an environment where all of those riskier assets are selling off, crypto is going to find itself doing the same..."
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#1. To: Horse (#0)
As far as i'm concerned, it's a
LOL..... In other words a good time to buy or a financial police car pulling up behind BTC holders?
_____________________________________________________________ USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um
That's the K-mart special. 50% off of cyrpto is a great deal!
I expect that crypto will eventually make its way to being considered a more secure asset. I've been monitoring cyrpto prices through this decline, and bitcoin is, among all cryptos, the "safe harbor" crypto. All others haev declined more that bitcoin has, and that's been a repeating pattern. Crypto is only considered risky because it is volatile in dollar terms. That's really the only reason. Bitcoin has been around for some 12 years so it has to be getting to the point where there is confidence in its longevity, albeit with volatility.
I had heard that El Salvador has made Bitcoin its national currency. I wonder how they are handling the 50% drop in value? ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
Well, they made it legal tender. El Salvador uses US dollars as their currency as well.
My first-ever buy was at the all time high of $68k last November, so I'm averaging down today.
What's your opinion on Crypto ETFs? thank you.
“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken
ETF: Exchange Traded Fund. I generally don't like when big finance gets its grubby hands all over good products like crypto as the tend to me monetary magicians able to corrupt it. They did it and still do it with gold and silver, and if they are given the chance, they'll do it with crypto as well.
Honestly, neither my brain nor my gut nor my computer is up for mining. I'll pay the fee for someone else doing the heavy lifting for me.
“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken
You don't need to do any mining to have crypto. You can buy some with a credit/debit card and just sit on it.
#2. To: Pinguinite (#1)
#3. To: NeoconsNailed (#2)
#4. To: Horse (#0)
When we’re in an environment where all of those riskier assets are selling off, crypto is going to find itself doing the same..."
#5. To: Pinguinite (#3)
#6. To: BTP Holdings (#5)
I had heard that El Salvador has made Bitcoin its national currency. I wonder how they are handling the 50% drop in value? ;)
#7. To: Pinguinite (#1)
#8. To: Pinguinite, anyone here (#4)
#9. To: Lod (#8)
#10. To: Pinguinite (#9)
#11. To: Lod (#10)
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