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
18,360 Blog Posts

Cryptos Racked into Oblivion — Total Losses Exceed $600 Billion From Top

This is what you call nothingness — the part of the narrative where no one cares. Apathy has set in and prices continue to plunge amidst the declines in foreign currencies.

More severely than the Turkish Lira is the new lows being endured by India’s rupee.

This is more or less an obligatory post, as the entire crypto complex falls endlessly into the $200 million pit. It looks like John McAfee will be eating his own dick soon.

Everyone was supposed to get rich, replace the dollar and the investment banks — drive lambos to their favorite avocado toast stores; instead, they got the black flag. Surrender wasn’t accepted. The bayonet was generously given and now the HODLers are in ruins.

This is an ageless tale that will repeat itself for the rest of eternity, the juxtaposition between greed and zeal.

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

9 comments

  1. acehood

    Jamie Dimon was right?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. tradingnymph

    Do you know what really sucks….Friday my Website/Blog got hacked with a Redirect Virus so I can’t even blog about any of this. 8 years waiting for a Bear Market and the minute it comes I can’t write about it.

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

      I thought your bear market was supposed to happen when BREXIT was a thing.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  3. mad marsupial

    There was a pretty negative front page article in WSJ related to Teather.

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

    Never really investigated or tried to short cryptos.
    But my complements to whoever did or is, trade of a lifetime.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. the dude

    And that doesn’t include what was stolen and scammed which probably is at least as much money. First real whipping of those who were too young to have been invested during the financial crisis. Sad.

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

      Fuck them all. Bunch of millennial shit talkers investing in crypto. Hope they maxed outs their credit cards.

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