Crypto crash has begun -bit oin below $47k and falling fast

Ok Elonfuck.

Tether fud was always schizo fud. Now anyone who pushed that bullshit fud has egg on their face.

Suckers.
Got played again.

I was studying this tether issue yesterday. These are evil, evil people who are in charge of one of the foundations of bitcoin, the Bitfinex exchange.
After reading quite a few articles, I cannot see how this whole thing is not going to blow up.
I think most bitcoin investors are clueless about the tether mafia and what it will mean for bitcoin's future.

You're gonna get whiplash when it blasts off again after this normal retrace.

Sweet. So only, 1000x more Bitcoin in the world than there is US debt.

I want a forum where it verifies you have a balance before you open your dumb fucking mouth...

Half you idiots are making comments and it’s clear you have no skin in the game...

AdA watch

Suckers?
Just got PAID again!


How's that dullar treating you?

Welcome to GLP where everyone is a genius and has more money then buffet

She is and always has been a traitor to this country. Of course she is going to downplay bitcoin. She and her masters can't control it. Bitcoin will be one of the things that brings down the fiat currency system along with the metals.....

Guys dont understand correction, can't rise forever
has to drop from profit takers, people shorting because its overbought.

Peaking around aug/sept or is that already drop city?

When Janet Yellen is right about Bitcoin consuming 5% of its own valuation each year in energy cost, then you know it's going to zero. Reality check.

And people dumping, like Sunday Asia open people sold
then London people sold again, America open people sold again

I literally bought my first ETH at the peak. I put my money in, and within hours it started dropping.

I see Bitcoin doing what it always does, it drops and rises a bunch and then it drops.
Time to buy when it drops down because it is getting ready to go up again.
Reminds me of stocks when day traders are manipulating things.

I think this cycle has ended.

BTC runs in cycles of +/- 440 days. Look at all the peak/valley charts, and count the daily candles. Of course, this is BTC, so there is a substantial margin of error.

^^That^^ does not mean straight down, and straight up. There are many pumps and dumps in between.

It's backed by faith. People can lose faith at anytime. Like any other form of currency. They did seize gold here at one time so anything can happen. What if they just outlaw it altogether when they usher in the great reset?

Too many variables for me.

Btc has been up and down for years now

21 million bitcoin. If we drop it to subdivided satoshis, then it's the number above. 100,000,000 Satoshis = 1 Bitcoin.

If you made out I'm still happy for you and the insight you had. I'm not knocking anyone for investing in it. Pump and dump mother fuckers!

I'm not hopeful that Etheruem gets their act together. BTC remains king in my books and the only one I buy and don't worry about at all.

I agree 100%. Then you have the no coiners that think you can't convert the money made back into Dollars. They have never owned a coin in their life.

It's a monetary innovation. Gold works because you can't fake it. Well, you can make counterfeit gold, but you can't create more gold. There is only so much gold available and any new gold brought to market is mined using hard work. So labor and investment needs to go into getting more of it giving it value. Every ounce of gold every mined required human labor and some equipment investment in order to dig it out and refine it. This is why it is a store of wealth...because effort was paid into it to make it available.

Likewise, Bitcoin requires effort. Mining is done through large computer arrays and the cost is massive energy. Thus every BTC brought into existence and to market, was done at a cost, thus paying value into it. And like gold, and unlike fiat, you can't just make more of it. Sure, you could make another network, but the network is the valuable part. other networks are like counterfeit gold. You might fool some people for a time, but eventually, it's going to be recognized as counterfeit. People can't cheat on Bitcoin. You can't forge new counterfeit coins and governments can't print as much as they want. 21 million is all there will ever be. It's finite and deflationary in that already many BTC have been lost forever to lost keys.

So this is a human created digital gold. It has many of the characteristics of gold that make it vastly superior to fiat. I still hold gold and silver, but I also see BTC as joining their ranks as an anti-fiat asset. Gold and silver have some advantages over BTC (like industrial demand and SHTF proof since it's physical) and BTC has some advantages over gold and silver (like cold storage and international transmissibility). So holding both, I can exit fiat and have parts of my wealth enjoy various different benefits.

Yes, and the government is very efficient at printing and moving money.

Just think of all the extra power consumption when the FED prints all those extra $ out of thin air. Does she share the same concerns?

[imgur] [link to i.imgur.com (secure)]

are you really that stupid ? How many companies now have invested in Crypto ? You're an idiot !

Ah let them be. They are simply mad that they either don't have the funds, intelligence or hands to invest.

They LOVE 80% corrections so they can say, "I told you so!" to an audience smarter than them.

And when it BOOMS, they cry, "That's what terrorists use!"

Either way they are foolish and have not one thing to do other than make adolescent and naive commentary.