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

DerekJohnson
DerekJohnson Administrator, Swaye's Wigwam Posts: 68,562 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

  • CuntWaffle
    CuntWaffle 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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  • jecornel
    jecornel Member Posts: 9,737
    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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  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,562 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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  • Kaepsknee
    Kaepsknee Member Posts: 14,913
    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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  • greenblood
    greenblood Member Posts: 14,560
    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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  • BleachedAnusDawg
    BleachedAnusDawg Member Posts: 13,323 Standard Supporter
    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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  • greenblood
    greenblood Member Posts: 14,560
    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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