And we're back!
Started by Josephus, December 07, 2017, 05:34:38 PM
Quote from: Admiral Yi on December 14, 2017, 04:35:35 PMI've been getting bombed with cryptocurrency marketing spam.
Quote from: Admiral Yi on December 14, 2017, 05:05:49 PMMake some nonretarded posts UC.
QuoteBitcoin went into freefall on Friday, its price collapsing from the dizzying heights of nearly $20,000 (£14,965) earlier this week to about $13,000 after its year-end rally appeared to run out of steam.According to the CoinDesk exchange, the cryptocurrency was trading at $13,155, a fall of over 30% in five days.Its price has fallen by more than $2,000 in 12 hours.It came after a troubled week for bitcoin, in which a cryptocurrency exchange went bust in South Korea following a cyberattack, knocking its price.Coinbase, another exchange based in the US, also said it was opening an investigation into sharp price increases.Neil Wilson, a senior market analyst at ETX Capital, said: "Has the bubble finally popped? It's hard to see the bell tolling just yet. Large price swings have become so normal that it's hard to decide – we can easily see this market bounce back in very short order."Whilst there have been some hacks, public infighting in the mining community, lots of rumoured forks and regulatory pressure building on some fronts, this is likely to be a simple bout of risk-off selling as investors rebalance towards year-end."It looks like it's time to cash in the gains and spend the winnings on a bumper Christmas."But it has not all been bad news for bitcoin this week.The Chicago Mercantile Exchange launched its own bitcoin futures trading on Monday, following in the footsteps of the Chicago Board Options Exchange.
Quote from: crazy canuck on December 22, 2017, 03:00:37 PMMy son is pretty happy about the crash. Apparently there has been an increase in the amount of miners (which drives down the amount he can mine) and those people will likely be driven out if the crash lasts any period of time before a recovery. He can just keep ticking along because his investment in hardware was minimal.
Quote from: Admiral Yi on December 22, 2017, 07:06:40 PMAnd back down. SELL SELL SELL
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