This was the comeuppance that was delicately planned by Wall Street months ago, way before the CME began trading BTC futures on 12/18. They’d crash the market on the very same day that Goldman reported earnings, all for poetic justice.
Now you didn’t honestly think the Bitcoin was going to replace King Dollar did you? We’ve built an empire using the dollar, and it’s backed by our military might. We can bomb any country into dust, from outerspace, and then occupy said country — causing pain, mayhem, and anguish on a biblical scale. As a nation, we do evil things — toss our own into the furnaces of hell — for political purposes, or sometimes for sport. We enjoy playing puppet master and relish in the idea of foreclosing on homes, all the while profiting from the destruction. Historically speaking, no other nation has been more war like than Americans. Our business leaders foment strife and hire mercenaries to kill off the competition.
And you thought a few hipsters with avocados falling out of their pockets could displace all that? Seriously, there are Bitcoin ATMs on every street corner in Brooklyn. How long did you think this sort of depravity would last?
No
Like all things in life, a correction will be good for the asset class, providing regulators don’t shut it down altogether.
Right now, Bitcoin is well below $10,000, sinking rapidly towards 9k. Ethereum is at $794 and Ripple has been eliminated from the field, now trading at $0.91.
As for me, I am pleased with the progress of FTK this morning, and glad to see XON recovered and is now sharply higher. Wall Street celebrates the destruction of the crypto market, with a toast, and a +100 day.
Here, here.
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The ultimate bubble signal was The Real Fly getting into crypto, lol.
Sure. Meanwhile, I made 200% on crypto proxies, all the while reserving my dignity in equities.
you are a proxy for cnbc, if you talk about how wrong you were, it signals a top. on that “my apologies crypto traders” article, i told you how much of a joke this will get, and today i cash it; you are a little boi with a big ego, nothing more.
(plays violin)
I’m just kidding around. It was impossible to ignore the unprecedented gains in crypto. I made a bundle too. But seriously, thanks for crashing the entire market.
Sounds like you lost a lot of money lol
Ripple XRP (the company) is in the best position to make payments and money transactions faster AND comply with regulations as they have been working hard with Banks and other entities like the Fed.
The underlying tech will be used. Banks are VERY interested in Blockchain. I’m no patent expert but I think several big banks have applied for blockchain tech products. They are working with many smaller startups to employ blockchain tech in various aspects of banking.
Crypto as a F U dollar is akin as F U I’m starting my own armory on my court because I don’t believe in the US government protecting me. That never works out.
However, crypto will stay as a speculative thing maybe regulated more with bigger players like Coinbase. They’ve already started the reminders about paying taxes and allowing you to export tax info. And it will survive as a way to “pay” for things you probably shouldn’t put on a credit card (fake IDs, stolen goods, etc).
All boats float in a rising tide and apparently they all sink in a moment of crisis.
I’m a Ripple fan mostly because they are in the best position to be used. The token.. well that’s speculation as if that pans out to be worth anything.
This is a game to shake out all these retail investors buying on credit cards thinking every day they’ll be up 10% when they look in their apps.
Get rid of those people. Get the big guys in .. make it more controlled.
TL;DR
I demand Coinspeak make a blog post! The man is not blogging during a moment of crisis!!!! 🙂
He’s on Twitter and he tweets fairly often. We already know that he likes BCH, EOS, and XMR. What else do you want him to say?
Se̱or Tropicana Рdo you still have conviction in your $AMCN?
It’s a trade. Let’s see how it behaves.
Each generation meets its Waterloo. We had dotcom. Nevertheless, it’s not finished yet. Expect a strong come back and implosion shortly after as everybody tries to cash out back into funny money.
I think that someone will find a way to make crypto work eventually. If the CBs don’t attack it.
It’s blockchain not bitcoin. Accounting, supply chain management, trade settlement, legal contracts will all be made cheaper and more accurate.
Billions will accrue in cost savings for the worlds largest companies. It’ll trickle down to a couple extra basis points on every multinational balance sheet.
The rich get richer while the masses focus on the coin casino.
Bitcoin is a scam. Natural selection in play.
Bitcoin is a Satoshi scheme, .. or a “Nakamoto Scheme” https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/
This fraud keeps posting after the fact nonsense but you lost your balls with him trading his calls
SRAX is a disaster