It's buying opportunities all the way down!
Cryptocurrency
- Thread starter Playboi Carti
- Start date
* A 60% "dip," no big deal
-60% is a pretty good reason to show fear/skepticism.
It’s dropped more than 35% 6 times in its history, I believe. And 3 of those drops were >75%. It’s a highly, highly volitale market. I don’t blame anyone for not wanting in.
The Dow Jones has lost 7% or more in daily trading 6 times in it's entire history of 132 years. That's an average of once every 22 years.
Bitcoin has lost 7% or more in daily trading over 100 times in its brief existence. it does not happen in literally every market
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LincolnWay187
Guest
I think we are going to see another 50 percent drop in the cryptos, I'll buy back in when that happens. The garbage coins need to get pushed out and there needs to be adoption where you can pay for things with it
I don't think Bitcoin is like a normal market, but to be fair you are talking oranges and apples. Look at the price of 1 stock and ITS dips and comparing it to BTC is more fair. Now comparing the cryptocurrency market to the dow jones and you are a little more fair.
Which would you have rather bought in 2008? Netflix or Bitcoin?
Now, which would you rather have bought on Jan 16, 2018?
You can apply different time periods to fit your argument.
Now, which would you rather have bought on Jan 16, 2018?
You can apply different time periods to fit your argument.
it will never be a widely-used currency if people are hoarding it for the value to go up.
I don't think that's the reason it won't work for a currency....I know plenty of people that hoard USD.
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LincolnWay187
Guest
I mean I mine with nicehash, I don't make a ton but maybe $15 or 20 a week. I would gladly spend it on small purchases if I could. I do get what you are saying though. I think the news cycle and stories.of people getting rich quick is what made it really shoot up. As the news stops covering it as much people will sell it off
Well how did they make news stories about people getting rich quick when it hadn't shot up yet....
Every market experiences loses or dips. I expect a dip to come because I thought most coins were overvalued but didn’t think it would be this big
Not every market has active opposition by the entire existing power structure (governments) in the world.
Lol it’s going to be amazing to watch your bitcoin be worth nothing in the future.
I'm guessing you laugh at animal torture videos too.
Hard to understand peoples desire for others to fail.
