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Bitcoin is sinking like a rock

Posted on 2/1/18 at 8:08 pm
Posted by TJGator1215
FL/TN
Member since Sep 2011
14174 posts
Posted on 2/1/18 at 8:08 pm
quote:

Bitcoin's month-long price slide continued on Thursday as the virtual currency fell below $9,000 for the first time since November. As we publish this article, one bitcoin is worth $8,700. That's down 12 percent over the last 24 hours and 55 percent from December's peak of $19,500.

The latest price decline comes amid growing concerns that the broader cryptocurrency ecosystem has become rife with scams and other questionable behavior. None of these developments have been focused on bitcoin specifically, but the cryptocurrency ecosystem is highly interconnected. All the other major cryptocurrencies have suffered losses over the last 24 hours, and many virtual currencies have seen their value decline by double digits.





LINK
Posted by Ross
Member since Oct 2007
47825 posts
Posted on 2/1/18 at 8:09 pm to
Hope Wiki held off on that renovation to the east wing.
Posted by Beessnax
Member since Nov 2015
10280 posts
Posted on 2/1/18 at 8:09 pm to
I avoided it for a reason
Posted by TH03
Mogadishu
Member since Dec 2008
171912 posts
Posted on 2/1/18 at 8:09 pm to
See I told you so!

-russian and broke
Posted by Spock's Eyebrow
Member since May 2012
12300 posts
Posted on 2/1/18 at 8:11 pm to
hodl
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77266 posts
Posted on 2/1/18 at 8:12 pm to
But what about the alt coins and etherium?
Posted by dualed
Member since Sep 2010
4766 posts
Posted on 2/1/18 at 8:12 pm to
Massive FUD created by whales and Wall Street. They're loading up and just when everyone thinks shite is about to disappear, it'll rocket back up.
Posted by Fratigerguy
Member since Jan 2014
4856 posts
Posted on 2/1/18 at 8:12 pm to
quote:

I avoided it for a reason


Cause you didn’t want to make a bajillion dollars by selling it at the right time?
Posted by notiger1997
Metairie
Member since May 2009
60892 posts
Posted on 2/1/18 at 8:13 pm to
Posted by PowerTool
The dark side of the road
Member since Dec 2009
22418 posts
Posted on 2/1/18 at 8:15 pm to
I feel like an idiot for waiting to sell all mine when it had dropped down to $17,000 a share.
Posted by unotiger21
Member since Sep 2010
943 posts
Posted on 2/1/18 at 8:16 pm to
It will continue to fall and then skyrocket
Posted by AlonsoWDC
Memphis, where it ain't Ten-a-Key
Member since Aug 2014
9188 posts
Posted on 2/1/18 at 8:18 pm to
Huh.

No wonder the autistic people I know have been so upset lately.
Posted by Hester Carries
Member since Sep 2012
24333 posts
Posted on 2/1/18 at 8:19 pm to
I think it goes down to 7500-7000
Posted by Pechon
unperson
Member since Oct 2011
7748 posts
Posted on 2/1/18 at 8:20 pm to
Good. Maybe this will help ease prices on graphics cards. Bitcoin miners have been hoarding them causing any decent gaming card to skyrocket in price.
Posted by unotiger21
Member since Sep 2010
943 posts
Posted on 2/1/18 at 8:22 pm to
Me too. Then I think the whole market goes on a bull run
Posted by Chuck Barris
Member since Apr 2013
2526 posts
Posted on 2/1/18 at 8:22 pm to
quote:

The latest price decline comes amid growing concerns that the broader cryptocurrency ecosystem has become rife with scams and other questionable behavior. 
Hmm, you don't say?
Posted by Jim Smith
Member since May 2016
2915 posts
Posted on 2/1/18 at 8:22 pm to
Bitcoin is trashy.
Posted by el Gaucho
He/They
Member since Dec 2010
57036 posts
Posted on 2/1/18 at 8:24 pm to
quote:

Hope Wiki held off on that renovation to the east wing.



I wonder if he still has those big jeans he'd hold up in the subway commercials
Posted by Lynyrd
Under the Tilt-a-Whirl
Member since Jun 2010
13243 posts
Posted on 2/1/18 at 8:25 pm to
Money Board
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17448 posts
Posted on 2/1/18 at 8:25 pm to
There was a lot of fraud going on that propped up the value of bitcoin.

The organization that set the BTC-USD exchange rate was fudging the numbers to ensure BTC's value climbed.
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