Using "bitcoin" and "investors" in the same sentence makes me laugh.40% of bitcoin investors are now underwater, new data shows
We're planning to buy ETH at $1,800, and double down in segments. I wouldn't buy anything other than Bitcoin or ETH at this point, expect the alt coins to continue to be crushed.
- Ethereum has plunged 20 per cent in 24 hours as part of the latest crypto crash
- Bitcoin has also plunged 11.24 per cent as investors suffer heavy losses
- Luna, another large cryptocurrency, lost almost all of its value overnight
Crypto bubble bursts as Bitcoin, Ethereum and Luna prices plunge
The price of Ethereum, the second-largest digital coin, has plummeted during a major crash of the cryptocurrency market - hitting as low as £1425.60 after trading at £1984.76 yesterday.www.dailymail.co.uk
Its all smoke and monetary mirrors.
I hope they all go to 0. Let the people who bet against me suffer. I prefer hard assets. Land, housing mostly.
I currently own zero cryptocurrency, and prefer hard assets too, but I will not ignore the upcoming buying opportunity.
Those are two diametrically opposed and irreconcilable differences -- preferring hard assets and owning cryptocurrencies, which is about as far from a "hard asset" as anything.
What, exactly, is the "the upcoming buying opportunity"?
That's certainly contemptuous. If you've had trouble making money on land and housing these last 5 years, I assure you it is not because of cryptocurrency.
No trouble making some money but my returns could have been better if no crypto.
There are many dot-com era stocks that are still around today. Some have done well after the 2000 crash. Many more have never again seen their high price during the bubble.After 10 years and 3 bull markets, it might take another market cycle or two, for people to see that this asset class is here to stay.
There are many dot-com era stocks that are still around today. Some have done well after the 2000 crash. Many more have never again seen their high price during the bubble.
I am not wish for people to suffer. It was their choice to purchase risky “investments” trying to get rich quick. That is their decision and should be willing to suffer all consequences including losing everything.And that would have driven real estate prices even higher, hurting first time buyers.
Look, I flipped 2 Florida lots last year, making a 50% return in just over a year. How that is an unfair investing environment, and wishing people to suffer because it wasn't lucrative enough, is an entitled position that's truly beyond me.
Past performance is no guarantee of future results.History doesn’t repeat itself, but it does rhyme.
Past performance is no guarantee of future results.
-SEC rule 156