Current Events > Bitcoin is apparently crashing.

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Alucard188
01/21/22 5:10:09 PM
#1:


Lost over a trillion dollars in value, according to Bloomberg.

lol

https://twitter.com/MadNews_io/status/1484582578904608780?t=Eavvb1ielNajELXxevp5EA&s=19

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Arcanine2009
01/21/22 5:11:04 PM
#2:


stock market in general is lower.


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AldousIsDead
01/21/22 5:11:15 PM
#3:


Oh no!

Anyway.

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sauceje
01/21/22 5:11:32 PM
#4:


Yep I decided to put in a dumb amount of money in December and I feel dumber by the minute, oh well

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ColdRainAndSnow
01/21/22 5:11:53 PM
#5:


All I'll do is buy the dip lol

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Robot2600
01/21/22 5:12:35 PM
#6:


ColdRainAndSnow posted...
All I'll do is buy the dip lol


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DeadBankerDream
01/21/22 5:12:36 PM
#7:


Has Satoshi Nakamoto cashed out yet?

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HA4e
01/21/22 5:12:59 PM
#8:


Panic sell everything!

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Mearcstapa
01/21/22 5:13:36 PM
#9:


https://www.youtube.com/watch?v=mzItS5BmUNw

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YookaLaylee
01/21/22 5:13:50 PM
#10:


ColdRainAndSnow posted...
All I'll do is buy the dip lol

Its been dipping for like 2 months straight

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toreysback
01/21/22 5:14:12 PM
#11:


hodl

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MarthGoomba
01/21/22 5:14:31 PM
#12:


Keep crashing. Just means I get to farm more coins per day and have even bigger gains when it inevitably goes back up

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Shishiwakamaru
01/21/22 5:15:56 PM
#13:


I never was interested in investing serious money into crypto and Im not going to start now tbh

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Robot2600
01/21/22 5:16:08 PM
#14:


YookaLaylee posted...
Its been dipping for like 2 months straight

i havent bought since last year. I even missed a dip b/c I wasn't sure.

This dip/crash is definitely something I want to buy tho.

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ColdRainAndSnow
01/21/22 5:16:48 PM
#15:


YookaLaylee posted...
Its been dipping for like 2 months straight
And what was the price of Bitcoin 1 year ago?

2 years ago?

Knowledge is #power

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Naysaspace
01/21/22 5:18:05 PM
#16:


Its down 15% the last 5 days

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Taharqa_
01/21/22 5:21:09 PM
#17:


MarthGoomba posted...
Keep crashing. Just means I get to farm more coins per day and have even bigger gains when it inevitably goes back up


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On_The_Edge
01/21/22 5:21:43 PM
#18:


Lmao time to buy I guess
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Mearcstapa
01/21/22 5:22:43 PM
#19:


MarthGoomba posted...
have even bigger gains when it inevitably goes back up

lmao

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Squall28
01/21/22 5:24:10 PM
#20:


MarthGoomba posted...
Keep crashing. Just means I get to farm more coins per day and have even bigger gains when it inevitably goes back up

Stop killing the planet

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radical rhino
01/21/22 5:25:51 PM
#21:


Crypto is a fad. Its going to dip to nothing and stay there once people lose interest.

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Shishiwakamaru
01/21/22 5:26:23 PM
#22:


radical rhino posted...
Crypto is a fad. Its going to dip to nothing and stay there once people lose interest.

Maybe then it will actually be useful as a currency.

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BlueTigerLion
01/21/22 5:27:43 PM
#23:


So that is why those crypto generals stopped on CE

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Aerodynamic Trunks
01/21/22 5:30:46 PM
#24:


My DOGE hodl strategy is making me sweat

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MarthGoomba
01/21/22 5:32:55 PM
#25:


Squall28 posted...
Stop killing the planet

I use Proof of Stake coins, not PoW

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Sackgurl
01/21/22 5:33:24 PM
#26:


MarthGoomba posted...
when it inevitably goes back up

for long term rebound to be inevitable, an asset has to have underlying non-speculative value

it might happen, but you can't assume it will

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BlingBling22947
01/21/22 5:40:45 PM
#27:


fuck

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kingdrake2
01/21/22 5:45:15 PM
#28:


BlingBling22947 posted...
fuck


we're all losing money.

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YookaLaylee
01/21/22 5:45:32 PM
#29:


ColdRainAndSnow posted...

And what was the price of Bitcoin 1 year ago?

2 years ago?

Knowledge is #power

I didnt say that it wouldnt go back up. My point was just that it hasnt gotten close to bottoming out yet so it might not be a good idea to buy it now because you could lose more money.

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Shotgunnova
01/21/22 5:47:25 PM
#30:


Gee willikers. My goodness. That sure smarts.

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ScazarMeltex
01/21/22 5:48:29 PM
#31:


Oh noooooooo....

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GALA462
01/21/22 5:50:55 PM
#32:


It doesn't need to be as high as it is.

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Crazyman93
01/21/22 5:52:24 PM
#33:


Shishiwakamaru posted...
Maybe then it will actually be useful as a currency.
https://youtu.be/_n5E7feJHw0

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Crescente
01/21/22 5:52:35 PM
#34:


I lost $10,000.
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nfearurspecimn
01/21/22 5:53:07 PM
#35:


Crescente posted...
I lost $10,000.
ouch

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FLAMING EVIL HOMER
01/21/22 5:55:27 PM
#36:


So what should my floor be to buy any of these crypto? Lol


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Rob Cesternino
01/21/22 5:56:08 PM
#37:


This is it. It's finally over this time

Right guys?

Right?

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Vyrulisse
01/21/22 5:58:34 PM
#38:


So that's why /biz/ is freaking out today.

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apocalyptic_4
01/21/22 6:01:43 PM
#39:


Welp well I didn't bother to check my portfolio I'm way down in both y crypto and stocks.

I'd definitely buy if I had the cash

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Trumpo
01/21/22 6:02:05 PM
#40:


Buy the dip
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1337toothbrush
01/21/22 6:04:06 PM
#41:


I was wondering where all the "iT's tHe fUTuRe!!!!!1" folks crawled away to.

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Trumpo
01/21/22 6:06:07 PM
#42:


I am loading up on Ether if goes sub 1k
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accord
01/21/22 6:31:33 PM
#43:


not really sure how this works but should i buy $1k worth now and hope that someday it will go up ridiculously?
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Mearcstapa
01/21/22 6:42:00 PM
#44:


accord posted...
not really sure how this works but should i buy $1k worth now and hope that someday it will go up ridiculously?

We're already past the "go up ridiculously" phase. You missed out on that

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Imit8m3
01/21/22 6:43:04 PM
#45:


ColdRainAndSnow posted...
All I'll do is buy the dip lol


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Buy $SHIB.
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Uta
01/21/22 6:45:41 PM
#46:


ColdRainAndSnow posted...
And what was the price of Bitcoin 1 year ago?
2 years ago?
Knowledge is #power
Have you ever actually cashed out your Bitcoin? I've heard it's nearly impossible to cash out bitcoins, so while you technically have thousands in speculative wealth it's nearly impossible to actually make use of any of it.

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Jabodie
01/21/22 6:46:48 PM
#47:


Uta posted...
Have you ever actually cashed out your Bitcoin? I've heard it's nearly impossible to cash out bitcoins, so while you technically have thousands in speculative wealth it's nearly impossible to actually make use of any of it.
I don't see why you'd have trouble unless you tried to cash out a fuck ton at once.

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Uta
01/21/22 6:50:36 PM
#48:


Jabodie posted...
I don't see why you'd have trouble unless you tried to cash out a fuck ton at once.
If I remember correctly, that's the only way to cash it out. Bitcoin is volatile; and while that volatility often trends upward there's no telling when flash crash will happen. Couple that with long transaction times while the whole ledger gets validated to confirm the transaction and the amount of wealth transferred at the start of the transaction might be drastically different by the end of it. For that reason most people can only cash out their crypto on very large purchases or by selling to very wealthy individuals. Smaller cash outs don't really work unless you have so much crypto that losses here and there during transaction time won't affect the total profits.

Or in short, it's a Casino. Those with all the holdings continue to profit even with occasional losses here and there, and everyone else is gambling with savings like any other stock market.

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MarthGoomba
01/21/22 6:50:48 PM
#49:


Uta posted...
Have you ever actually cashed out your Bitcoin? I've heard it's nearly impossible to cash out bitcoins, so while you technically have thousands in speculative wealth it's nearly impossible to actually make use of any of it.

This only applies to meme/scam coins with low liquidity

Selling or spending BTC or any of the other top coins is very easy

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Bestoffuture
01/21/22 6:51:35 PM
#50:


Thankfully I only invested $50 in that.

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