Bitcoins are down more than 12% over the past 24 hrs. News isn’t necessary when in a bubble. Assets crash by 70% and then rebuild from smoldering shitheaps.
Eretheum classic and Litecoin are down even more, retarded-clown style.
Hogs in GBTC eternally fleeced.
It is fucking over. Enjoy the ride to $00.00.
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Store of value bitchez! Digital gold assholes!
Physical gold is the only way. Allocated or held whichever one finds easiest.
Following this crash;
BTC/XAU is up 60% since April 17
BTC/XAU is up 350% since June 16
BTC/XAU is up 840% since June 15
XAU/USD is up 1% since April 17
XAU/USD is up 3% since June 16
XAU/USD is up 5% since June 15
BTFD
Fly, do you realize how many times you’ve said this? It’s kind of amusing when you think of it. Yes it has crashed… to the price is was a few days ago. And yes it will probably have a real crash at some point. But from where? $6000 down to $3000? Notice how with each new phase of bitcoin, the level of the crash is higher?
What you’re seeing is the monetization of the first scarce digital asset. This is going to continue for a very long time. I know you’ll be calling a crash in 2020 too, when bitcoin is crashing from $20,000 down to $15,000.
Very sage.
Quit larping. You sound like every asshole in 2000 telling me that B2B is a $100b business and that BWAY was going to $4,000.
Scarce digital asset. Like the rare Pepes?
Notice how the list of cryptocurrencies keeps growing? What stops them from growing to infinity, this pushing the value of any individual one to zero?
Dr. Fly, I’m disenchanted that you failed to heed the bountiful advice of hugh hendry from earlier postings.
More egregious is that you had your big chance when you redesigned your website’s logo recently. The only action you needed to take was to simply interject the letters “Bit” in-between the Bank and the Coin.
With just adding those three letters you would have been whisked away by now to enjoy well-preserved cigars, premium brandy, and other caprices up in your joint CEO’s office with John Mcafee, who’s company would have given you an extremely generous buyout offer right after your iBankBitCoin logo was revealed.
Perhaps it’s not too late for my grandiose vision of your future to become a reality. The choice, as always, Dr. Fly, is fully in your skilled hands.
From his political posts, it often seems like Fly is trying to be bought out by Breitbart instead.
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Monday might be an even worse surprize. Weekends not being helpful in most times.
You all are idiots.
Bitcoin is about as legitimate as the Yuan or Monopoly money.
I’ll be buying this thing only when it loses a few more decimal places.
Cryptos are simply uncorrelated assets to the stock market. Yeah sure own some for diworsification, but to say it will replace fiat, you need to fire up the crack pipe.
Crypto supporters are saying its better than fiat in that no CB can devalue the currency i.e print more. Ok, I’ll give you that, and that’s it. The Cryptos are based on “faith” of the underlying just like fiat. Also, if its is so great, why are people monetizing and converting to the thing they hate most – fiat? Just keep your wallet and transact with those who have faith in the Crypto.
Again, as hedge of some sort to get an uncorrelated asset to your portfolio might make sense. It will be interesting to see what happens when the exchanges block access to holders of Crypto is it does get poleaxed. That exit door becomes a pin hole.
last sentence says it all: liquidity the annialator of schemes will settle this in due course.
All of you nay sayers have made yourselfs sound ancient. Your minds are set in old ways that are incapable of realizing the world is starting to wake up and realize the banks are useless thanks to the internet. I am not commenting on todays price but to sit around and jerk off to the volitility will be a moment you remember when your dollary do das in your bank account are suddenly useless.
there’s a lot of “old money” older than the ages backing the current system. does that mean that they will not use the blockchain to further their goals. Of course not. the system is letting this crypto run its course so that they may apply it to a one world currency, or maybe simply 4 or 5 regional currencies.
lets not forget fiat and the fractional reserve system is used in order to keep the economic engine going. if we were still backed by gold we would not have experienced the growth of the 80s and 90s and the enslavement of the masses through debt.
again to think that crypto will replace fiat is a very long shot. will they use the blockchain and on line ledger you bet. they will be able to track every movement, even more than now. dont kid yourself.
Things change very fast in this world, keep that in mind young sheepletons
Me thinks they call it volatility. Wait and jump in, just like double jump rope games, in my childhood daze!
the shear number of crypto currencies is the red flag pour moi (french). if only bitcoin i could understand but not when there are an infinite number. all credibility is lost. is there any way to short bitcoin?
very similar to when beannie babies began expanding their product line.
Bitcoin trades higher – this is the 3rd inning. Coming from a guy sitting on a 15x win and has been right on the trade from the bottom in 2015.
Lower first, then higher.
Bitcoin going lower based on how people who probably own no cryptocurrency, saying there are too many “Cryptos”, perhaps? Ha! Google some decent research on bitcoin people, then realize what I just said.
Extra emphasis on Google some research
holy shit.you need to do a comedy show.
Fly…i mean
cryptos is a way to spur the economy. the next big invention per se. perhaps a way to wipe the ledger of all debt and start again.
Lets face it just about everything is overpriced at this point some things more than others. One only has to follow the source of the cash (Asia) to figure out where to pile into. They historically always crowd pile.