BREAKING!!!! BITCOIN CRASHES q -28,40%!!! | |
Anonymous Coward User ID: 3941884 United States 03/12/2020 05:39 PM Report Abusive Post Report Copyright Violation | I'm hearing the institutions (Whales) just pulled out of crypto. the loss on the market was to much, and the bottom line needs to be recovered. The can take the gains out of bitcoin, and move back into market tomorrow. Quoting: Anonymous Coward 78360063 When the stock market crashes all those traders who are leveraged have to pay up to keep their positions or liquidate. Many liquidate other positions such as crypto’s and gold and commodities like food which shouldn’t be effected but is since they have to sell to pay for their leveraged doom that just bit them in the penis |
NOFAKE
(OP) User ID: 5489696 Germany 03/12/2020 05:55 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78500968 Slovenia 03/12/2020 07:57 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78500968 Slovenia 03/12/2020 08:00 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78500968 Slovenia 03/12/2020 08:03 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 62716963 Canada 03/12/2020 09:39 PM Report Abusive Post Report Copyright Violation | Quoting: Anonymous Coward 75968438 is a carsh worse than a crash?, sounds bad, like when a crash test dummy get his nuts caught in the car door as his body gets throw around the car cabin. Stop carshing |
DoomsdayGuy
User ID: 78194907 United States 03/13/2020 11:39 AM Report Abusive Post Report Copyright Violation | Buying opportunity? Quoting: Sentient One Digital currency makes a lot of sense with this virus going around on paper cash. I believe it was a Rothschild that said "if theres blood on the street, buy it" Or something like that Yep. Sold at 10K and bought in again today. Same with XTZ, Link and ADA. Maybe it will go even lower. With markets crashing more than 30% in two weeks and no end in sight, depression / recession is real. Think 1929. Travel and vacation / hotel sector is falling beyond repair. Supply chain will heavily affect global production. Health care overheated and not manageable soon, due to sick / overworked staff and shortage of beds, ICU's etc. Low income countries will default. Bailout funds IMF / World Bank insufficient. Bank runs. Real possibility that this will last a year or longer. No one knows. Everyone is guessing, including me. And being in crypto does not mean I am not keeping an eye on this virus and preparing why I can. Never spend more money than you can afford. Make sure you are able to pay your basic needs. I wish nothing but safety and peace for everyone, no matter if you believe in crypto or not. I respect everyone. Stay safe!! Serious question though, if Internet access gets restricted in order to stop the spread of "fake news", is Bitcoin a good place to have a lot of your money? If I'm not mistaken about the way Bitcoin works is that bitcoins get created by the processing of transactions on the blockchain which is distributed. Seems to me that mining operations would be the first hit if the government started using brownouts or they lose internet access. How is Bitcoin going to work with miners crunching those numbers? I think people would stop using bitcoin once they realize that since transactions aren't getting to the blockchain you could spend the same bitcoins over and over again. Come on and take a free ride. |