Bitcoin dips below $30,000 as China further cracks down on cryptocurrency

[Danny101]

It always kinda struck me as odd to say that cryptocurrency is an energy waster, and in comparison, all of the hot air on social media is somehow vastly more energy efficient.

 

[kiwigraeme]

Bitcoin is down 40% over the last month.
That’s the noise.

Bitcoin is up 1800% over the past 4 years.
That’s the signal.

Imagine the noise in the homes of people would brought it at $50 000.
You did what with our money!!!!

Don't worry Lufkin - reckons it will go up heaps - more than the CAP of the DowJones - it will pass the Nasdaq soon - it's great it can do 3 transactions/second - everyone can cash out at the same time - it's backed by hot air and only the best criminals .

Offcourse those who got in cheap will keep wanting to pump it - dump some on the highs - rebuy after the ever so regular dips - gee I wonder who controls it/

 

[umbala]

Ah yes, the usual crows of triumph from the same yokels coming hot on the heels of the latest bear markets.

It only makes your tears and teeth-gnashing and hypocritical environmentalist concern trolling during the bull runs sweeter.

Bear market, bull runs, look at you using all the pro lingo like this crypto nonsense is actual stock. If you want to try and make a quick buck on crypto like many other people, that's great, but don't pretend this Ponzi scheme is anything but a giant bubble waiting to burst.

Unlike real stocks, the only way to make money off crypto is to wait for an even bigger sucker than yourself to pay a higher price for it. This works great until the market gets saturated with all the top suckers who suddenly realize what's going on and want to cash out. It will be hilarious to watch as people whine about losing their life savings and retirement funds.

Also, expect big governments to start cracking down on this junk, because the only real use crypto has is to cash in on ransomware attacks and other illegal activities. No sane government will look kindly on those aspects of it.

 

[wiyosaya]

Bitcoin is down 40% over the last month.
That’s the noise.

Bitcoin is up 1800% over the past 4 years.
That’s the signal.

Sounds like your opinion differs from others https://markets.businessinsider.com...ggesting-downside-ahead-btc-2021-6-1030539422

 

[terzaerian]

Bear market, bull runs, look at you using all the pro lingo like this crypto nonsense is actual stock. If you want to try and make a quick buck on crypto like many other people, that's great, but don't pretend this Ponzi scheme is anything but a giant bubble waiting to burst.

Unlike real stocks, the only way to make money off crypto is to wait for an even bigger sucker than yourself to pay a higher price for it. This works great until the market gets saturated with all the top suckers who suddenly realize what's going on and want to cash out. It will be hilarious to watch as people whine about losing their life savings and retirement funds.

Also, expect big governments to start cracking down on this junk, because the only real use crypto has is to cash in on ransomware attacks and other illegal activities. No sane government will look kindly on those aspects of it.

Ah, more doublethink: simultaneously, it has no validity and thus no value, but is also invalid because it provides value to criminals.

Apparently my posting chi is so great I'm able to precog nocoiners now.

 

[kiwigraeme]

Sounds like your opinion differs from others https://markets.businessinsider.com...ggesting-downside-ahead-btc-2021-6-1030539422

Interesting - since the people who invest are pumpers , motivated by greed etc - I think if someone did a mass secret campaign to flood the social sites with story after story of it's demise and the inability of even having a more than a 20% cash out ( there is no way you could cash out 100 percent - except at pennies ) without hype they are worthless. Bitcoin would sink real quick . These people are not Warren Buffet investors - sitting on companies that assets are productive and have a long-term chance of survival . Without new suckers - it's worthless. That's why the holders here keep telling you stories BC will go to a million . Join Amway an you too will get to emerald status - own multiple dream homes .- Even when I was 20 someone tried to get me into selling pensions with the vision of flash cars - repulsed me completely

 

[Karlos95]

Imagine the noise in the homes of people would brought it at $50 000.
You did what with our money!!!!

Don't worry Lufkin - reckons it will go up heaps - more than the CAP of the DowJones - it will pass the Nasdaq soon - it's great it can do 3 transactions/second - everyone can cash out at the same time - it's backed by hot air and only the best criminals .

Offcourse those who got in cheap will keep wanting to pump it - dump some on the highs - rebuy after the ever so regular dips - gee I wonder who controls it/

Just like any investment, only invest what you can lose, literally first rule of investing.

Second is, what goes up, must come down.
Go look at all the markets in 2008. Really, every market has a cycle. If you can't see that, stop talking about a thing you have no clue about.

There will be another crash very soon for all markets, (housing, stocks, crypto) the formers are connected to a majority of people's retirement and won't recover for 5 - 10 years while crypto will recover within 3. and you still can't see the governments/reserve banks and all them organisations you admire are screwing with your wealth.

Won't surprise me if Dow Jones crashes to 17,000 points in this next crash. Go look at a chart.

XAO Chart literally just recovered from 2009 last year, then crashed again when Covid hit lol.

But Bitcoin, with an average growth of 100% every year over a 10 year period, is the unstable investment. OK Simps.