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Bitcoin down 17% tonight.

Posted on 8/4/24 at 8:24 pm
Posted by TrigSwig
Member since May 2024
331 posts
Posted on 8/4/24 at 8:24 pm
Tomorrow will be an interesting day on Wall Street.
This post was edited on 8/5/24 at 1:25 am
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51034 posts
Posted on 8/4/24 at 8:25 pm to
Don't worry one billion Tether bucks will help soften the blow
Posted by Curb Your TDS
Member since Aug 2024
70 posts
Posted on 8/4/24 at 8:26 pm to
But Tom Lee said it was going to 150,000
The same Tom Lee that said last week that the market was going to rip higher
This post was edited on 8/4/24 at 8:38 pm
Posted by HottyToddy7
Member since Sep 2010
15248 posts
Posted on 8/4/24 at 8:29 pm to
It will. 11% in crypto isn’t a major major event. It’s already back to -6%. This thing could flip back green on the hourly.
Posted by I Love Bama
Alabama
Member since Nov 2007
38421 posts
Posted on 8/4/24 at 8:38 pm to
I have a feeling these next few months are going to get crazy.

Buckle up
Posted by TigerDeBaiter
Member since Dec 2010
10658 posts
Posted on 8/4/24 at 9:02 pm to
quote:

Tom Lee


Broken clock….

Either looks like like a genius or absolute moron. Depends on the stage of the cycle.
Posted by TrigSwig
Member since May 2024
331 posts
Posted on 8/5/24 at 1:09 am to
Brutal!! Japan down 13% too.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
73091 posts
Posted on 8/5/24 at 1:11 am to
Japan percent drop now the largest since 1987
Posted by TrigSwig
Member since May 2024
331 posts
Posted on 8/5/24 at 1:16 am to
Unbelievable....Nasdaq now down 7% or 1,100 points. Crap.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Posted on 8/5/24 at 2:07 am to
quote:

Japan percent drop now the largest since 1987

Why else would Buffett free up buying capital. They'll murder on the dip but you won't notice because that's the game.
Posted by Lgrnwd
Member since Jan 2018
8327 posts
Posted on 8/5/24 at 2:16 am to
How crazy would it be if bitcoin finished Monday in the green?
Posted by cadillacattack
the ATL
Member since May 2020
9553 posts
Posted on 8/5/24 at 5:58 am to
Ethereum down 22% …. and falling
Posted by SlidellCajun
Slidell la
Member since May 2019
15933 posts
Posted on 8/5/24 at 6:09 am to

Can you explain why bitcoin would be dropping?
What objectives do you use to value it?
And I would expect that you’re buying now right?
This post was edited on 8/5/24 at 6:34 am
Posted by Hookah
Member since Nov 2023
349 posts
Posted on 8/5/24 at 6:12 am to
Someone check on tatertots
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82043 posts
Posted on 8/5/24 at 6:43 am to
I’ve been through 2 crypto bear markets. I don’t feel the drops anymore
Posted by SlidellCajun
Slidell la
Member since May 2019
15933 posts
Posted on 8/6/24 at 7:44 am to
You buying after the sell off?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82043 posts
Posted on 8/6/24 at 9:50 am to
We are up 14% since yesterday
Posted by 98eagle
Member since Sep 2020
3092 posts
Posted on 8/6/24 at 10:12 am to
quote:

I’ve been through 2 crypto bear markets. I don’t feel the drops anymore


I'm like you. I've been in crypto since 2016. I've endured 75% and 95% pullbacks only to see Bitcoin recover with massive gains. I retired early because of Bitcoin and learned how to trade Bitcoin volatility and now make a lot more money than I ever did in my corporate job. I've got alligator skin. Nothing phases me.
Posted by SlidellCajun
Slidell la
Member since May 2019
15933 posts
Posted on 8/6/24 at 11:37 am to
quote:

We are up 14% since yesterday


Can you explain the sell off?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82043 posts
Posted on 8/6/24 at 9:09 pm to
(Likely) unwinding of the yen carry trade - hit all markets, some more than others.

But I'm sure you already knew that and are asking this question as some weird way to get a "gotcha" since you do it on literally any subject related to bitcoin.
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