BTC is killing it right now

[2rosy]

GreenBack will keep losing to blue-chip cryptos, AND to the BRICS currency.

It's a lose-lose situation for US FIAT. Just wait until the next bond-downgrade that's coming. Then watch the real panic start. This is nothing yet...

Half life for the $ is about 5 years. Kind of amazing.

 

[charlotte_daily]

I actually think working ETH will pay off better these days rather than BTC.

 

[Ethan.ishere]

Fingers crossed this will be an amazing bullish run in the next few days.

 

[Lee-me]

Sorry about your losses.
How much were you killed by the BTC?

Thanks but I didn't lose anything actually, didn't trade on it in first place

 

[Lee-me]

$69,000, that’s bullish!

Looked like it at the time

 

[Lee-me]

.... so widly?

Haha you haven't follow BTCUSD very long have you?

I expected it to go way beyond what it actually did in that pump.

 

[hilmy83]

BTC = QQQ+

I'm still waiting on when this will actually decouple completely..but so far, it's just another "stock index"

 

[The_Krakenite]

Really? Because bitcoin isn't even correlated to Bitcoin miners lately...

 

[GlobalMacro90]

BTC = QQQ+

I'm still waiting on when this will actually decouple completely..but so far, it's just another "stock index"

Bitcoins correlations to qqq has been close to 0 for a year.

 

[piezoe]

GreenBack will keep losing to blue-chip cryptos, AND to the BRICS currency.

It's a lose-lose situation for US FIAT. Just wait until the next bond-downgrade that's coming. Then watch the real panic start. This is nothing yet...

history of the Russian Rubble (A BRIC currency): source https://www.xe.com/currency/rub-russian-ruble/

The Ruble has been the currency of Russia for approximately 500 years; it has been used in various countries throughout its history. There have been different versions of the ruble due to the various changes in the currency's value.


Years Description of the Ruble
First ruble 1500s-1921

• The ruble remained the official currency of Russia until 1921, when it dramatically fell in value
• In 1710, the ruble was given its first subdivision, kopeks, with 100 kopeks making up one ruble
• Used a bimetallic standard of gold and silver
• In 1885, a new standard was adopted and the ruble was pegged to the French franc at a rate of 1 ruble to 4 francs

Second ruble 1921-1922

• A redenomination was set at a rate of 1 new to 10,000 old rubles
• Chervonets were also used starting in 1922

Third ruble 1923-1924

• The Soviet Union issued a redenomination at a rate of 1 new to 100 old rubles

Fourth ruble 1924-1947

• Known as the gold ruble, the fourth version was issued at a rate of 50 000 old to 1 new ruble

Fifth ruble 1947-1961

• Following World War II, another redenomination was set at a rate of 10 old to 1 new ruble

Sixth ruble 1961-1997

• Based on the 1947 reform, another redenomination was set
• After the collapse of the Soviet Union, Russia continued to use the ruble, replacing old banknotes

Seventh ruble 1998-present

• In 1998, another redenomination was set at a rate of 1 new to 1,000 old rubles
• That year, six months after the Russian financial crisis, the RUB lost 70% of its value against the US dollar
• In 2010, Russia and China decided to use their national currencies for joint trade