This is a recurring them, nowadays. You’re all getting accustomed to wild gyrations in the cryptos. Since the dips are often bought, seeing prices recover, the cryptofag community is getting pavlov’d into a false sense of security.
This is the endgame for Bitcoin, Ethereum and their ilk.
Very soon, you’ll be visiting the tombstones of your favorite ICOs, buried under the bodies of those killed speculating for its success. Just like in the days of the dot bomb, the end will be swift, unrelenting, and with malice.
At the moment, BTC is lower by 6.9%, ETH -6.8% and Bitcoin Cash -10.8%.
Total market capitalization of the crypto market now stands at $128 billion.
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You gotta give to the bastards though – they have more lives than a cat. It was a heck of a bounce of the lows. (which are still quite a ways away)
“This is the endgame for Bitcoin, Ethereum and their ilk.”
Where have I heard that one before? Way too early…again.
I know, you’re only trolling the cryptofags, of whom I am not one.
* Disclosure: I do own some crypto but do not consider myself a cryptofag.
BTC is digging its own grave. It was forked once. They plan to create another fork w/i months. And then another one. Getting the picture? Ad infinitum.
I suspect the large bounces in bitcoin will abate and it will reach some sort of trading range for a long period of time. Wallstreet is not done with them because they never really got started with them. I suspect the evil twins of JPM, GS and the rest of the bile that makes up the treachery that is our financial system will resurrect them in order to pilfer billions from the public.
Their is money is them thare currencies