If you bought Bitcoin on Friday, you have lost almost 28%

Pekelo

Pekelo

Hey, $900 drop from 2760 under 48 hours from Thursday's high... Currently under 2000.... AKA discount Saturday. This sell off was caused probably because the BearWhale finally went long after years of missing out...

Welcome to the currency of the internet, where the fundamentals don't count and the profits are imaginary...

It should bounce back to 2200 at least but the vertical raise is over...

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These will be under $1 one day. Bitcoin is worth nothing. It is useful for making transactions and that is it. It is not acceptable as a store of value due to volatility and vulnerability to theft. If I was criminal I would right now be seeking and robbing bitcoin holders in real life because this generation that has bought in to bitcoin thinks that security means electronic security.
 
I posted this on another forum yesterday:

Bitcoin.... the day after it hits $2800...

I receive an e-mail with this the headline:

'Time to take Bitcoin seriously....'

Was that the top ......?
 
Mo06 said:
I guess if one tulip bulb could buy a house in Amsterdam, then anything is possible...
More...
Tulip mania lasted for 1 year at most. Bitcoin is in business for 7 years already. Big difference. As a matter of fact people who buy it today are already 7 years late to the party.
 
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