Bitcoin crashing below $9000 as we speak

Communications Center Out Of Pod Experience
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Just curious, any thoughts on Bitcoin or crypto in general?

Can’t believe that it was only 5-6 weeks ago when Bitcoin was close to $20,000. Now it’s more than halved, with no reprieve in sight. I remember Bitcoin redditors telling everyone to relax when it fell to $15k. But the slaughter isn’t stopping.

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maybe its becasue everyone is trying to get rid of it as fast as they can

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Cryptocurrency doesn’t come up apl that much in my daily life. Saw a guy with a Bitcoin decal on a t-shirt yesterday, that’s about it.

So…no opinion.

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Waiting for the “Bitcoin’s not a bubble” guy to post…

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wonder if bitcoin started out as a jita scam before going to RL xD

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Good!

Maybe I can finally get a new video card thats not double the MSRP and one that’s actually in stock now.

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Its scam.

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to the moon!

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“When the shoeshine boys talk bitcoin it was a great sell signal.”- Joe Kennedy

Pop… and fizzle.

Ref:
WHEN THE SHOESHINE BOYS…

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This is what happens when people invest in something that doesn’t exist.

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Yip when people invested because of all the fake hype all the guys that market manipulated the price to that point are now taking out peoples real invested money as their own and leaving all the current investors with worthless crap, its going to keep going down all the way in my opinion xD. Best Jita scam I’v ever seen.

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Fad over. Now they can return to their roots, being a payment system for laundering money, drug deals, human trafficking and so forth.

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  1. For starters, don’t call it crypto. It’s a cryptography-based currency, it’s not cryptography.
  2. The speculation bubble burst timer started ticking the moment everyone and their mother started talking about crypto-currencies. When everyone talks about it, it’s high time to leave the sinking ship. Can’t happen soon enough, maybe once the hype is over the underlying technology can be used for more than an artificial stock increase.

Also:

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Heh, so much truth to this. My Bro-in-law was asking me what I thought of Bitcoin at Christmas.

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People are actually starting to call it for what it is, ‘shitcoins’. All of them.

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Don’t forget PonziCoin :joy:

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I’m always surprised that people, even if you tell them it is a very high risk investment, are suddenly surprised that those things not only tend to go up.

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It’s now $8000. :sweat_smile:

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Nobody can stop it now. This is how it always work.

People buy on the rise, and sell on the slide because its all running into the drain. Nearly all those public investors who bought on the rise in 2017 will sell now, to not dive into the sewers.

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