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Behind crypto's ugly weekend, 'cascading' selloffs and dashed hopes for Bitcoin $100K

AtomicPissAtomicPiss Administrator, Swaye's Wigwam Posts: 64,571 Founders Club
edited May 2022 in Tug Tavern
https://money.yahoo.com/behind-bitcoins-grim-weekend-cascading-liquidations-dash-expectations-for-crypto-161727320.html
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Comments

  • CuntWaffleCuntWaffle Member Posts: 22,499
    Bitcoin will eventually get to $100K just not this month like a lot of the shills are preaching or have preached in the past.
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  • jecorneljecornel Member Posts: 9,727
    Oh the horror! One Bitcoin is worth $46,000!!! What a shit coin. A measly 46k might as well be shib.
    It’s all over for crypto. 200 million people are using it when billions of people will adopt it over the next 10-15 years.
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  • AtomicPissAtomicPiss Administrator, Swaye's Wigwam Posts: 64,571 Founders Club
    The Bitcoin system will one day undergird the entire monetary ecosystem. Unless Congress bans it, which I don't think they can successfully do.
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  • KaepskneeKaepsknee Member Posts: 14,886
    DerekJohnson said:

    The Bitcoin system will one day undergird the entire monetary ecosystem. Unless Congress bans it, which I don't think they can successfully do.

    It won’t be anything like the Wild West it is now. Governments are losing out on tax revenues in its current state.
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  • greenbloodgreenblood Member Posts: 14,520
    Kaepsknee said:

    DerekJohnson said:

    The Bitcoin system will one day undergird the entire monetary ecosystem. Unless Congress bans it, which I don't think they can successfully do.

    It won’t be anything like the Wild West it is now. Governments are losing out on tax revenues in its current state.
    This

    Governments will find a way to work with it. It's like weed. As long as the Government finds a way to make revenue off of it, it's going to be legal.
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  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,983
    Every morning I see that Eth has dropped 5% overnight. Every afternoon I get a notice that it's up 5% on the day. Seems like a pattern exists to grow your money 5% a day right now. This has been happening for a month.
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  • greenbloodgreenblood Member Posts: 14,520
    CuntWaffle said:

    BleachedAnusDawg said:

    Every morning I see that Eth has dropped 5% overnight. Every afternoon I get a notice that it's up 5% on the day. Seems like a pattern exists to grow your money 5% a day right now. This has been happening for a month.

    Right when you think you found a pattern you put in a chunk and poof down 18%
    Take trading advice from The Grand Teuton. Apparently he’s killing it.
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