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Remember that Bitcoin crash of a few days ago?
Sudden Panic Sparks $200B Bitcoin and Crypto Price Crash
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lamplighter
Joined 2013/04/13Visited 2024/12/21
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The URL from then... www.forbes.com
There was a drop from near $100k to around $90.
On that thread I said, "It's just Bitcoin being Bitcoin."
And I provided a link to another example of such a move.
Well, guess what, this evening Bitcoin is back to (actually over) $100,000.
But, taking a step back from the day to day prices, I have to ask, why Bitcoin?
What is propping up that valuation?
My current opinion is that Bitcoin's price has risen due to the inherent anti-establishment aspect of Bitcoin.
imo, Bitcoin is all about decentralized finance. And that is appealing of late.
#1 | Posted by LampLighter at 2024-12-04 10:14 PM | Reply
Same thing as $150 bbl oil.....hype.
#2 | Posted by Nixon at 2024-12-05 08:31 AM | Reply
Put all your money in tulips.
#3 | Posted by LegallyYourDead at 2024-12-05 12:44 PM | Reply
.... and look at it now, 5 Dec - over 100k.... trump effect!
#4 | Posted by MSgt at 2024-12-05 01:37 PM | Reply | Funny: 1
Of course Bitcoin is all speculative with absolutely nothing backing it, so IMO if one bought it much cheaper in the past, maybe a good time to sell and take profits.
#5 | Posted by MSgt at 2024-12-05 01:38 PM | Reply
Trump effect=15% unemployment and 1.2 million dead Americans
#6 | Posted by reinheitsgebot at 2024-12-05 01:41 PM | Reply
Those are piker's numbers.
Just give Trump 4 years.
We'll really see some death and destruction.
#7 | Posted by ClownShack at 2024-12-05 01:42 PM | Reply
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Comments are closed for this entry.
Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2024 World Readable