iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,093 Blog Posts

AN IBANKCOIN EMERGENCY SPECIAL: CRYPTOS IN CRISIS — HOW TO SURVIVE IN A POST APOCALYPTIC LANDSCAPE

Everything you knew about Bitcoin, throw it out the window.

Here’s the Bitconnect guy — clearly mentally damaged from his ordeal in BCC.

The sector is now vulnerable to negative news flow. This is prime time for further SEC/government meddling — rape people while their pants are down.

Total market cap now just $325b, down nearly $500 billion from the top or 62%.

DOWN $500 BILLION FROM THE TOP.

Here’s the top cryptos by market cap, currently entering a post apocalyptic landscape, one bereft of civil life.

The HODLers have been dispatched, avocados stolen and eaten by orcs. All that is left now are money launderers who bake in the losses are a transaction cost. The best way to deal with this type of deep sell off is to avoid thinking this is the bottom. Assume prices will drop by another 50%, bake in a worst case scenario, and buy your favorite SHITCOINS using a dollar cost averaging stratagem.

Bubbles are fun until they pop. After they pop and the losses are tallied, sans dead cat bounces, it takes a very long time to recover those highs. Go check out the Nasdaq bubble of 2000 for reference.

If you enjoy the content at iBankCoin, please follow us on Twitter

24 comments

  1. sarcrilege

    …but, …but, investing in BTC was such a good ideal. They told me BTC was cheap at $20K and will go $100K and if not this guy McAfee will eat his dick on tee vee. And BTC holds value just as gold does. Bettter. It’s digital gold. And free of government and CB interference. I never listened to the tinfoil hat conspiracy guys. What happened? They could not have been right, could they? Should I HODL?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • sarcrilege

      btw, what happened to all you crypto shills lately? You’re pretty quiet these days, arn’t you? So,…hodl some more? Or just licking your wounds? Don’t say you were not warned this was going to happen. You were all cocky back in those days when crypto was going up 10-20% every day all the way to da moon So now what?

      • 2
      • 0
      • 0 Deem this to be "Fake News"
      • wolfdaddy

        Probably trying to figure out how to make the monthly payments on their 50k Credit card debt.

        • 1
        • 0
        • 0 Deem this to be "Fake News"
  2. Lyndon Keltner

    The word Crypto continues to conjure up the image of primates slinging feces.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  3. heckler

    I heard Steven Hawking used to roll over the toes of those he didn’t like. Reminds me of you, Fly

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. heckler

    The best way to deal with this type of deep sell off is to buy a bunch of dark web drugs – think of how cheap they are right now!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. s.k.

    That guy had foam in the corners of his mouth. What a disgusting lunatic.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  6. moosh

    This shit is normal. Trying to find the prospectus

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. it is showtime

    Hey ibankcoin denizens

    I wont brag yet
    I said it was a textbook scam bubble, 8 mos ago
    It clearly was one of the most identifiably sentiment induced peddled frenzy ever
    It was likely scripted as well, as I said many times. those top echelons engineering society, likely found an opportunity

    Proving one of showtime’s main theses of how dumb the american public. Is. They gave you a scheme while-showing-you-the-magician’s-trick and you stillfellforit

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Lyndon Keltner

      Granted the American public is dumber than the overall world average, there are dumb people everywhere.

      We need dumb people to exist so we can exploit them, after all.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
    • bintercorp

      QUICK THE SHIP IS SINKING THE POWER IS ABOUT TO GO OUT SOLAR FLARES NIBIRU PLANET X HOLY SHIT SELL EVERYTHING

      showtime do you even trade ?

      • 1
      • 0
      • 0 Deem this to be "Fake News"
  8. 99 lead balloons
    99 lead balloons

    Buddy just opened a btc/cryptos trading storefront a few days ago. Expensive location too.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. 99 lead balloons
    99 lead balloons

    Assuming this is golden for gold?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. ironbird

    God damn it. Thought we were all going to Mars while fucking trannies. Soon. We are the World shit. Together holding hands.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. momono

    Holy shit. He’s into Herbalife too?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. tonka

    8 months ago it was around $3,000

    Only showtime would brag about calling something a bubble before it went up 500%

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. bob smith

    $XRP trading tip. Wait for it to go to $0.00 and then buy all you can afford.

    Reminds me of the bully who flunked 2 grades (so he was a tad bigger than me) and stole my lunch money so he could buy a rope and hang himself… Sad.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. oilerua

    cant believe youre still repeating the same title over and over again — until bitcoin hits 100$ ?
    wtf of a blog is become ..

    • 0
    • 0
    • 1 Deem this to be "Fake News"
  15. oilerua

    a red title in capital letters .. to title the same thing of yesterday ..and the day before yesterday ..: a bubble bust and its downtrend to 0 .. ?

    what drugs or you on ?

    • 0
    • 1
    • 0 Deem this to be "Fake News"
  16. lapens

    I’m still hodling. I’m still green too!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. numbersgame

    This is hardly over folks. Everything is down by about the same perscent. The wheat hasn’t been separated from the cahff. Until 90% of ICOs go to zero, the losses will continue.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. kingcrypo

    KNEEL

    • 0
    • 0
    • 0 Deem this to be "Fake News"