Gastec
Posts: 541 +281
A price plummet is when a price decreases by something like 40-50% in a short amount of time. $45,200 to $42,675 is only a 5,586% decrease
You must be bloody joking! Bitcoin bypassing limitations imposed by the totalitarian communist regime in China? Next on your propaganda list is for North Korea to adopt Bitcoin as its currency.Bad news for Chinese, the whole point of Bitcoin is to offer a solution to bypass the stupid limitations imposed by government and central banks.
Unfortunately, illiterate people don't understand this.
That's like saying we should lament the fate of the poor thieves who get caught after robbing a bank or your home. To Hell with the financial "instruments"!If you lost 3.5% of everything you owned overnight you'd be pretty bummed. For most financial instruments that would be seen as a pretty catestrophic fall. Crypto's volatility seems to be accepted though.
I don't see a reason for the so-called democracies of the World (EU, USA) to ban Bitcoin or other crypto-speculations, because they are hugely profitable for the big players in the financial markets and mildly profitable to the rest of the peasantry. As any pyramidal game isGee wiz, who called this one... Now for India, Europe and the USA to follow suit and bitcoin goes bye-bye.
You obviously don't invest in the market.If you lost 3.5% of everything you owned overnight you'd be pretty bummed. For most financial instruments that would be seen as a pretty catestrophic fall. Crypto's volatility seems to be accepted though.
Bitcoin is used for a lot of criminal activity and is a massive drain on the worlds resources. It is VERY ungreen. It needs to go.I don't see a reason for the so-called democracies of the World (EU, USA) to ban Bitcoin or other crypto-speculations, because they are hugely profitable for the big players in the financial markets and mildly profitable to the rest of the peasantry. As any pyramidal game is
Wow, one transaction earlier this year. Don't hold your breath that use of bitcoin will continue..
Now take your stupid rhetoric elsewhere.
Keep moving those goalposts, chief.Wow, one transaction earlier this year. Don't hold your breath that use of bitcoin will continue..
How was what I said moving the goal posts, like, at ALL??Keep moving those goalposts, chief.
Sorry, I used the word "only" instead of "mostly". Let me rephrase that: Bitcoin is used mostly for speculation. Let me ask you this: how is it that everybody accepting Bitcoin instantly converts it to USD, if this is a not only a better currency, but a futureproof currency?
Now take your stupid rhetoric elsewhere.
That image doesn't show us that you've payed with BTC, it shows that you've payed with US dollars.
Now take your stupid rhetoric elsewhere.
The bottom line lists amount paid as BTC. Dollars are displayed because they're the unit of familiarity. It's no different than how Canada will display speed limits in metric and imperial near the border.Sorry, I used the word "only" instead of "mostly". Let me rephrase that: Bitcoin is used mostly for speculation. Let me ask you this: how is it that everybody accepting Bitcoin instantly converts it to USD, if this is a not only a better currency, but a futureproof currency?
So yes, unless entire continents start going anti-crypto, crypto will not die.The fact that all these anti-crypto measures took 3 months to gradually block all of it in China, was actually a blessing in disguise for crypto. Why?
Because it got hit by moderate repeated punches over 3 months period, now if this would have been 1 big hit KO - everything thrown at once - then we would have had another big crypto crash, like we had in the past and it would have stayed down for a long time, again like we seen in the past.
The fact that it did not happen like the worst scenario 1 hit KO, means that crypto again can shrug it of, take it on the chin and bounce back again.
At this point the resilience of crypto is much stronger than in 2017-18, so it would need a much bigger anti-crypto force to hit it for crypto to crash and burn.
XTZ didn't even budge for me - it dropped a little during the overnight hours but it's edging back up to $7 again today.I'll just quote this from somewhere else:
So yes, unless entire continents start going anti-crypto, crypto will not die.
Some of you are too happy too soon...
I like using the analogy of torrents. Torrents still exist. They were unable to kill it. And that is without true decentralization and blockchain.I'll just quote this from somewhere else:
So yes, unless entire continents start going anti-crypto, crypto will not die.
Some of you are too happy too soon...
Can you please explain to us, peasants, as in the ones who are making the food you are putting in your not-yet-independent mouth, how are we supposed to get our hands on Bitcoin and use it instead of the dirty, soul and mind controlling money we're using now? And while we're at it, destroying corruption and gaining Freedom, how about we skip the bullshit software and digital numbers altogether and you give me real objects, like a pretty saphire golden ring or a tractor, in exchange for the beans and sausages that I give you? Don't tell me you also grow your own food on sunny days when you are not busy getting independence!I like using the analogy of torrents. Torrents still exist. They were unable to kill it. And that is without true decentralization and blockchain.
They naysayer simply don't know what they are arguing against. Ironically, they are trying to kill their own gateway to financial independence and freedom from the existing corrupt financial power houses.
When people plummet to their death. I'm certain they don't always fall to the same elevation. They don't have to fall all the way to the ground. Plummet refers to a rapid decline outside of the normal position.IN what universe does a $1000 drop from $43k to $42k = plummet?