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Crypto Crash! -$400,000,000,000


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#1 Rogerdodger

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Posted 16 November 2021 - 10:48 AM

"Keep Stacking" the true believers say...

 

Forbes:

Sudden $400 Billion Crypto Price Rout Sees Bitcoin Crash Under $60,000 As Ethereum, BNB, Solana, Cardano And XRP Plummet
Bitcoin and cryptocurrency prices have fallen sharply over the last 24 hours, with the bitcoin price crashing under $60,000 per bitcoin.

Other major cryptocurrencies, including ethereum, Binance's BNB, solana, cardano and Ripple's XRP, have also fallen back—all losing between 7% and 10% of their value.

The sudden crypto price crash has wiped around $400 billion from the combined crypto market, which last week touched a record high of around $3 trillion.

The cryptocurrency market capitalization collapsed 7.5% over the past 24 hours to $2.66 trillion, breaking a long consolidation."

 

https://www.investing.com/crypto/


Edited by Rogerdodger, 16 November 2021 - 10:51 AM.


#2 12SPX

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Posted 16 November 2021 - 10:56 AM

I heard about a crypto that doesn't go through a third party, miner as they say just goes between person to person so there are no charges, anyone know what its called??  That's what I thought bitcoin was at first until I learned it would cost me about $75 to buy a coffee lol!! 



#3 andr99

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Posted 16 November 2021 - 11:32 AM

cryptos, the latest frontier of frauds. Those who dream of a new heaven where you buy a crypto and get rich are served. The currency is virtual,  but the fraud is real. 


forever and only a V-E-N-E-T-K-E-N - langbard


#4 Rogerdodger

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Posted 16 November 2021 - 12:35 PM

 I know a cannabis stoner who has to use crypto to buy seeds from outside the USA.

 

He might get rich and high at the same time...or he may not care if he's high enough.


Edited by Rogerdodger, 16 November 2021 - 12:36 PM.


#5 fib_1618

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Posted 16 November 2021 - 01:05 PM

 I know a cannabis stoner who has to use crypto to buy seeds from outside the USA.

 

He might get rich and high at the same time...or he may not care if he's high enough.

 

The use of Crypto continues to expand into the mainstream (aside from PayPal and Porn): https://tinyurl.com/yfzvrp9d

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#6 nacho

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Posted 16 November 2021 - 01:18 PM

Crypto is volatile. No doubt about that. Interesting that crypto is now a frequent topic on these boards, compare that to a couple years ago! Like it or not crypto is here to stay. Fraud can happen in any asset class, crypto has had it's fair share. 

 

This bitcoin whitepaper is worth reading for those technically inclined. 

 

https://bitcoin.org/bitcoin.pdf


Edited by nacho, 16 November 2021 - 01:25 PM.


#7 MikeyG

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Posted 16 November 2021 - 01:28 PM

Wouldn't be surprised to see a see swift pullback in stocks as well, looking a little frothy at today's levels. 



#8 redfoliage2

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Posted 16 November 2021 - 02:18 PM

Some say bitcoin is worthless, but it gets high demand.  Anything is worthless including stocks if there is no demand and vice versa.  I see bitcoin will be much higher after this pullback as it has limited supply and unlimited demand...........................


Edited by redfoliage2, 16 November 2021 - 02:26 PM.


#9 fib_1618

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Posted 16 November 2021 - 03:30 PM

I see bitcoin will be much higher after this pullback as it has limited supply and unlimited demand...........................

 

Bingo!

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#10 pdx5

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Posted 16 November 2021 - 03:46 PM

Wouldn't be surprised to see a see swift pullback in stocks as well, looking a little frothy at today's levels. 

My FF is,  SPX under 3000 in less than a year.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule